Establishes Fannin County Improvement District No. 1, authorizes bonds, assessments, fees, and taxes.

The bill creates the Fannin County Improvement District No. 1, a special district in Texas. The district is governed by a board of five voting directors. It has the authority to issue bonds, impose assessments, fees, and taxes, and engage in economic development activities. The district can borrow money and issue bonds, notes, or other obligations. It can impose an operation and maintenance tax on taxable property in the district. The district may not exercise the power of eminent domain. The board may dissolve the district if certain conditions are met.

Establishes Fannin County Improvement District No. 1, authorizes bonds, assessments, fees, and taxes.

The bill creates the Fannin County Improvement District No. 1, a special district in Texas. The district is governed by a board of five voting directors. It has the authority to issue bonds, impose assessments, fees, and taxes, and engage in economic development activities. The district can borrow money and issue bonds, notes, or other obligations. It can impose an operation and maintenance tax on taxable property in the district. The district may not exercise the power of eminent domain. The board may dissolve the district if certain conditions are met.