Texas HB5699 allows Harris County Municipal Utility District No. 405 to exclude undeveloped property and validates prior actions.

Texas HB5699 authorizes the Harris County Municipal Utility District No. 405 to enter into contracts with owners of undeveloped property for exclusion from the district. The excluded property remains liable for its share of the district's debt until fully paid. Debt service taxes on the excluded property continue to secure the district's indebtedness. The district retains its rights and powers, and the legislature validates all prior actions of the district, except those held invalid by court judgment.

Texas HB5699 allows Harris County Municipal Utility District No. 405 to exclude undeveloped property and validates prior actions.

Texas HB5699 authorizes the Harris County Municipal Utility District No. 405 to enter into contracts with owners of undeveloped property for exclusion from the district. The excluded property remains liable for its share of the district's debt until fully paid. Debt service taxes on the excluded property continue to secure the district's indebtedness. The district retains its rights and powers, and the legislature validates all prior actions of the district, except those held invalid by court judgment.