S.B. No. 3048 establishes the Bluebonnet Hills Municipal Management District No. 1 in Texas, granting it the authority to issue bonds, impose assessments, fees, and taxes, and providing limited powers of eminent domain. The bill introduces Chapter 4016 to the Special District Local Laws Code, detailing the district's definitions, purposes, and governance structure aimed at enhancing public welfare through economic development, transportation, housing, and recreational facilities. The governance will be managed by a board of five elected directors serving staggered four-year terms, and the district is empowered to engage in various activities, including improvement projects and economic development programs. A significant provision of the bill is the introduction of Sec. 4016.0311. which states that the district may not exercise the power of eminent domain. This restriction limits the district's ability to acquire private property without owner consent. The bill also outlines the requirements for assessments, financing services, and the procedures for the potential division of the district into new districts, ensuring that any new district inherits the powers of the original and must hold elections for tax imposition and bond issuance. The bill will take effect immediately upon a two-thirds vote from both houses or on September 1, 2025, if that majority is not achieved.

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