H.B. No. 5658 establishes the Craver Ranch Municipal Management District No. 1 in Texas, granting it the authority to issue bonds, impose assessments and fees, and exercise limited eminent domain powers. The bill introduces Chapter 4020 to the Special District Local Laws Code, which details the governance of the district by a board of five elected directors serving staggered four-year terms. The district is created to promote public purposes such as economic development, transportation, and public welfare, while ensuring it supplements rather than replaces city services. Key provisions include the requirement for a development agreement with the primary landowner before exercising its powers and the stipulation that the district cannot impose an ad valorem tax. The bill includes a new section, Sec. 4020.0312. which states that the district may not exercise the power of eminent domain. This aims to protect property rights by restricting the district's ability to acquire private property without consent. Additionally, the bill outlines the procedures for disbursements, land management, and the conditions for dissolving the district, which requires a petition from property owners representing a significant portion of the assessed value. The legislation emphasizes compliance with legal procedures and requires a two-thirds vote from both houses for immediate effect, or it will take effect on September 1, 2025, if the vote is not achieved.

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