The bill establishes the Wise Regional Water District, governed by a board of directors with the authority to issue bonds, impose fees, and exercise limited eminent domain powers. The district will cover Wise County and may expand to include areas within municipalities or water districts outside the county, based on contractual agreements. Key definitions are provided, along with a governance structure that details the appointment process and qualifications for board members. The bill emphasizes the public benefit of the district and outlines the management procedures, including voting rights based on service capacity and the establishment of a customer advisory council without voting rights.

Additionally, the bill grants the district operational powers to acquire property, plan and construct facilities, and provide services within and outside its service area. It introduces provisions for the district's general contract authority, allowing it to enter contracts with various entities and acquire necessary permits. Financial provisions include the authority to set service rates, issue revenue bonds without an election, and create subdistricts for water and wastewater services. The bill mandates public hearings for subdistrict creation, outlines governance structures, and specifies that subdistricts cannot levy ad valorem taxes or exercise eminent domain, ensuring accountability and compliance with existing laws.

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