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 through contractual agreements. Key definitions are provided, along with the administrative structure and powers of the district. The board will consist of representatives from the county and municipalities, with specific voting procedures, terms of office, and qualifications outlined to ensure community representation. The initial board will be appointed by county commissioners and local entities, with provisions for staggered terms and potential ex officio members.

Additionally, the bill introduces provisions for the governance and operational structure of the district's board, including the establishment of bylaws, the election of officers, and the creation of a customer advisory council without voting rights. The district will have the authority to acquire property, provide services, and adopt rules for water quality protection, while clarifying that it cannot levy ad valorem taxes. New provisions allow the district to enter contracts for water and wastewater facilities, set rates and charges for services, and create subdistricts with their own governance structures. Public hearings are mandated for subdistrict creation, and while subdistricts can manage their affairs, they are prohibited from levying ad valorem taxes or providing services outside their boundaries. Notably, the bill specifies that the district may not exercise eminent domain powers, requiring property acquisition to occur through purchase only.

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