Establishes Wolf Creek Municipal Management District No. 1 in Hunt County, Texas.

The Wolf Creek Municipal Management District No. 1 is created in Hunt County, Texas, to serve public purposes such as economic development, employment, and infrastructure improvement. The district is governed by a board of five elected directors, who serve staggered four-year terms. The district can issue bonds, impose assessments, fees, and taxes, and engage in economic development activities. It cannot exercise eminent domain but can contract for law enforcement services. The district can dissolve if petitioned by property owners holding two-thirds of the assessed value or surface area.

Establishes Wolf Creek Municipal Management District No. 1 in Hunt County, Texas.

The Wolf Creek Municipal Management District No. 1 is created in Hunt County, Texas, to serve public purposes such as economic development, employment, and infrastructure improvement. The district is governed by a board of five elected directors, who serve staggered four-year terms. The district can issue bonds, impose assessments, fees, and taxes, and engage in economic development activities. It cannot exercise eminent domain but can contract for law enforcement services. The district can dissolve if petitioned by property owners holding two-thirds of the assessed value or surface area.