Establishes the Colmena Ranch Municipal Management District No. 1 in Collin County, Texas.

The bill establishes the Colmena Ranch Municipal Management District No. 1 in Collin County, Texas. The district is governed by a board of five elected directors serving staggered four-year terms. It has the authority to provide, design, construct, acquire, and improve improvements and services, including law enforcement, economic development, and parking facilities. The district can issue bonds and impose assessments, fees, and taxes, but cannot exercise eminent domain. The district's creation is intended to promote economic development, employment, and public welfare.

Establishes the Colmena Ranch Municipal Management District No. 1 in Collin County, Texas.

The bill establishes the Colmena Ranch Municipal Management District No. 1 in Collin County, Texas. The district is governed by a board of five elected directors serving staggered four-year terms. It has the authority to provide, design, construct, acquire, and improve improvements and services, including law enforcement, economic development, and parking facilities. The district can issue bonds and impose assessments, fees, and taxes, but cannot exercise eminent domain. The district's creation is intended to promote economic development, employment, and public welfare.