The bill proposes the establishment of the La Cima Municipal Management District No. 1 under Chapter 4012 of the Special District Local Laws Code. This district will have the authority to issue bonds, impose assessments, fees, and taxes, and will possess limited powers of eminent domain. Its primary objectives include promoting economic development, transportation, housing, and public welfare while ensuring that it complements existing city services. Governance will be managed by a board of five elected directors serving staggered four-year terms, with the district empowered to undertake various improvement projects, engage in economic development programs, and manage parking facilities.

Additionally, the bill introduces a new section, 4012.0311, which explicitly states that the district may not exercise the power of eminent domain unless a two-thirds vote is achieved in both houses of the legislature. It also outlines the requirements for financing services and improvements through assessments, mandating a written petition from property owners representing a majority of assessed value before financing can occur. The bill includes detailed legal descriptions of multiple tracts of land in Hays County, Texas, ensuring accurate identification and ownership for future development. It will take effect immediately upon securing the required two-thirds vote; otherwise, it will come into effect on September 1, 2025.

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