Establishes Waller County Improvement District No. 3 with authority to issue bonds and impose taxes.

The bill creates the Waller County Improvement District No. 3 in Texas. The district is tasked with promoting economic development, reducing unemployment, and enhancing transportation and commerce. It can issue bonds, impose sales and use taxes, and collect assessments. The district's board of directors, initially appointed by the Texas Commission on Environmental Quality, governs the district. The district may also impose a hotel occupancy tax and join charitable organizations. The district's territory is initially defined, and it can add or exclude land.

Establishes Waller County Improvement District No. 3 with authority to issue bonds and impose taxes.

The bill creates the Waller County Improvement District No. 3 in Texas. The district is tasked with promoting economic development, reducing unemployment, and enhancing transportation and commerce. It can issue bonds, impose sales and use taxes, and collect assessments. The district's board of directors, initially appointed by the Texas Commission on Environmental Quality, governs the district. The district may also impose a hotel occupancy tax and join charitable organizations. The district's territory is initially defined, and it can add or exclude land.