S.B. No. 3043 proposes the creation of the Craver Ranch Municipal Management District No. 1 in Texas, governed by a board of five elected directors serving staggered four-year terms. The district aims to promote public purposes such as economic development, transportation, housing, and public welfare, with the authority to issue bonds, impose assessments and fees, and exercise limited powers of eminent domain. The bill outlines the district's initial territory, governance structure, and the requirement for a development agreement between the city and the primary landowner before the district can exercise its powers. It also emphasizes that the district's creation is intended to supplement city services and includes provisions for improvement projects, nonprofit corporations, and participation in economic development programs. The bill introduces a new section, Sec. 4020.0312. NO EMINENT DOMAIN POWER. The district may not exercise the power of eminent domain. This provision explicitly prohibits the district from exercising eminent domain, ensuring that private property cannot be taken without the owner's consent. Additionally, the bill outlines the procedures for the board regarding the disbursement of funds, the process for dividing the district, and the requirements for financing services through assessments. It also specifies that the district cannot impose an ad valorem tax and establishes conditions for bond issuance and dissolution, ensuring that all debts are settled before any dissolution occurs. The bill requires a two-thirds vote for the new section to take effect immediately, with a fallback provision for it to be added to the Special District Local Laws Code if the vote is not achieved.

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