Establishes Wolf Creek Municipal Management District No. 1 in Texas.

The bill creates the Wolf Creek Municipal Management District No. 1 in Texas, governed by a board of five elected directors. The district can issue bonds, impose assessments, fees, and taxes, and provide various public services including pedestrian ways, landscaping, and recreational facilities. The district cannot exercise eminent domain. It can borrow money and impose taxes if approved by voters. The district can dissolve if two-thirds of property owners petition, but not if it has outstanding bonded indebtedness. The district can create a nonprofit corporation to assist in its functions.

Establishes Wolf Creek Municipal Management District No. 1 in Texas.

The bill creates the Wolf Creek Municipal Management District No. 1 in Texas, governed by a board of five elected directors. The district can issue bonds, impose assessments, fees, and taxes, and provide various public services including pedestrian ways, landscaping, and recreational facilities. The district cannot exercise eminent domain. It can borrow money and impose taxes if approved by voters. The district can dissolve if two-thirds of property owners petition, but not if it has outstanding bonded indebtedness. The district can create a nonprofit corporation to assist in its functions.