Establishes the Travis County Municipal Utility District No. 40, outlines its powers, and details its financial mechanisms.

The bill creates the Travis County Municipal Utility District No. 40, a municipal utility district in Travis County, Texas. The district is governed by a board of five elected directors, with temporary directors appointed initially. The district has the authority to design, acquire, construct, finance, issue bonds for, improve, operate, maintain, and convey roads to the state, a county, or a municipality. It can issue bonds and impose taxes for its purposes, but it cannot exercise eminent domain. The district must comply with municipal consent ordinances and state road standards.

Establishes the Travis County Municipal Utility District No. 40, outlines its powers, and details its financial mechanisms.

The bill creates the Travis County Municipal Utility District No. 40, a municipal utility district in Travis County, Texas. The district is governed by a board of five elected directors, with temporary directors appointed initially. The district has the authority to design, acquire, construct, finance, issue bonds for, improve, operate, maintain, and convey roads to the state, a county, or a municipality. It can issue bonds and impose taxes for its purposes, but it cannot exercise eminent domain. The district must comply with municipal consent ordinances and state road standards.