H.B. No. 5437 is a legislative act that validates the creation and related actions of the Austin County Municipal Utility District No. 1. The bill confirms the legitimacy of all acts and proceedings associated with the district's creation, including actions taken by temporary directors within five years prior to the bill's effective date. This encompasses the order for an election to establish the district, the election results from November 2, 2021, which included the election of permanent directors and the approval of bonds and taxes, as well as the propositions passed during that election.

The bill specifies that it does not apply to any actions or obligations currently under litigation or those deemed invalid by a court ruling. Additionally, it outlines that all necessary legal notices and requirements for the introduction and passage of the Act have been fulfilled. The Act will take effect immediately upon receiving a two-thirds vote from both houses; otherwise, it will become effective on September 1, 2025.