Establishes the Pura Vida Municipal Management District No. 1 in Travis County, Texas, with authority to issue bonds, impose taxes, and engage in.
The bill creates the Pura Vida Municipal Management District No. 1 in Travis County, Texas, governed by a board of five elected directors. The district can issue bonds, impose sales and use taxes, and collect assessments for public purposes. It can also engage in economic development activities and establish programs to stimulate business. The district is eligible for special zones and can join charitable organizations. It cannot exercise eminent domain but can contract for law enforcement services.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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