Establishes Montgomery County Municipal Utility District No. 259, authorizes bonds, taxes, and fees.

The bill creates the Montgomery County Municipal Utility District No. 259, a municipal utility district. It authorizes the district to issue bonds and other obligations, impose taxes, and collect fees. The district can impose an operation and maintenance tax on taxable property and a tax for contract payments. Voter approval is required for imposing an ad valorem tax or issuing bonds payable from ad valorem taxes. The district cannot exercise eminent domain. The district's boundaries and initial territory are specified.

Establishes Montgomery County Municipal Utility District No. 259, authorizes bonds, taxes, and fees.

The bill creates the Montgomery County Municipal Utility District No. 259, a municipal utility district. It authorizes the district to issue bonds and other obligations, impose taxes, and collect fees. The district can impose an operation and maintenance tax on taxable property and a tax for contract payments. Voter approval is required for imposing an ad valorem tax or issuing bonds payable from ad valorem taxes. The district cannot exercise eminent domain. The district's boundaries and initial territory are specified.