The County Industrial Development District Act proposes the establishment of industrial development districts in Texas counties with populations over 800,000 that border counties with populations exceeding four million. The bill provides a framework for these districts to issue bonds and impose assessments, fees, or taxes to fund projects aimed at attracting major industrial employers. It introduces new legal definitions for terms such as "district," "board," and "project," and outlines the governance structure, which includes a board of directors appointed by state and local officials. The bill emphasizes economic development, job creation, and public welfare while ensuring that these districts do not replace existing county or city services.

Additionally, the bill includes provisions for the adoption of a sales and use tax by the district, contingent upon voter approval. It details the process for notifying voters, structuring the ballot, and setting the initial tax rate, which can be adjusted within specified limits. Revenue generated from this tax can be used for district purposes and pledged to pay obligations. The bill also outlines the procedures for holding elections to impose taxes, the conditions for adding or excluding land from the district, and the process for dissolving the district if deemed necessary. Overall, the legislation aims to enhance the operational efficiency and governance of these districts while promoting transparency and public participation.

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