Establishes Montgomery County Management District No. 3, authorizing bonds, taxes, and assessments for economic development.

The bill creates the Montgomery County Management District No. 3 in Texas, a special district tasked with economic development. The district can issue bonds, impose taxes, and collect assessments for public purposes. It can also contract with local entities like the county and cities of Conroe and Willis. The district can establish programs to stimulate business and commerce, including making loans and providing services. It can impose an operation and maintenance tax and a sales and use tax, subject to voter approval. The district can acquire, lease, and operate parking facilities.

Establishes Montgomery County Management District No. 3, authorizing bonds, taxes, and assessments for economic development.

The bill creates the Montgomery County Management District No. 3 in Texas, a special district tasked with economic development. The district can issue bonds, impose taxes, and collect assessments for public purposes. It can also contract with local entities like the county and cities of Conroe and Willis. The district can establish programs to stimulate business and commerce, including making loans and providing services. It can impose an operation and maintenance tax and a sales and use tax, subject to voter approval. The district can acquire, lease, and operate parking facilities.