The bill proposes the creation of the Rivers Market Place Municipal Management District in Elgin, Texas, by adding Chapter 4022 to the Special District Local Laws Code. This district will have the authority to issue bonds, impose assessments, fees, and taxes, and will be granted limited powers of eminent domain, aimed at promoting economic development and providing essential services such as water, wastewater, drainage, and recreational facilities. The governance will be managed by a board of five elected directors serving staggered four-year terms, and the district will be eligible for inclusion in tax increment reinvestment zones to support its economic objectives.

Notably, the bill includes a new section that explicitly states that the district may not exercise the power of eminent domain, ensuring that private property cannot be taken for public use without consent. It also outlines the legal description and boundaries of two tracts of land in Bastrop County, Texas, and details the procedures for disbursements, land management, and the conditions for the district's dissolution. The bill will take effect immediately upon receiving a two-thirds vote from both houses of the legislature or on September 1, 2025, if not passed.

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