Establishes Fannin County Improvement District No. 1, authorizes bonds, assessments, fees, and taxes.

The bill creates the Fannin County Improvement District No. 1 in Texas, governed by a board of five voting directors. The district can issue bonds, impose assessments, fees, and taxes, and engage in economic development programs. It can also acquire, lease, construct, develop, own, operate, and maintain parking facilities. The district's boundaries are defined, and it is eligible for inclusion in special zones. The board must hold an election to impose an ad valorem tax, and the district cannot exercise eminent domain.

Establishes Fannin County Improvement District No. 1, authorizes bonds, assessments, fees, and taxes.

The bill creates the Fannin County Improvement District No. 1 in Texas, governed by a board of five voting directors. The district can issue bonds, impose assessments, fees, and taxes, and engage in economic development programs. It can also acquire, lease, construct, develop, own, operate, and maintain parking facilities. The district's boundaries are defined, and it is eligible for inclusion in special zones. The board must hold an election to impose an ad valorem tax, and the district cannot exercise eminent domain.