Establishes The Reserve Municipal Management District in Texas, outlining its powers, duties, and financial mechanisms.

The bill creates The Reserve Municipal Management District in Texas, governed by a board of five directors. It authorizes the district to provide, design, construct, acquire, improve, relocate, operate, maintain, or finance improvement projects and services. The district can impose assessments, fees, and taxes, issue bonds, and engage in economic development programs. It can also create parking facilities and join charitable organizations. The district must hold an election to impose an ad valorem tax and may not exercise eminent domain.

Establishes The Reserve Municipal Management District in Texas, outlining its powers, duties, and financial mechanisms.

The bill creates The Reserve Municipal Management District in Texas, governed by a board of five directors. It authorizes the district to provide, design, construct, acquire, improve, relocate, operate, maintain, or finance improvement projects and services. The district can impose assessments, fees, and taxes, issue bonds, and engage in economic development programs. It can also create parking facilities and join charitable organizations. The district must hold an election to impose an ad valorem tax and may not exercise eminent domain.