The bill proposes the establishment of the Colmena Ranch Municipal Management District No. 1 under Chapter 4019 of the Special District Local Laws Code. This district will have the authority to exercise limited powers of eminent domain, issue bonds, and impose assessments, fees, and taxes to support its operations, with a focus on promoting economic development, transportation, housing, and public welfare. The governance will be managed by a board of five elected directors serving staggered four-year terms, and the district will have the ability to provide improvement projects, engage in economic development programs, and manage parking facilities. Notably, the bill includes a new section, 4019.0312, which states that the district may not exercise the power of eminent domain unless a two-thirds vote is achieved in both houses.

Additionally, the bill outlines the process for creating and managing municipal management districts, including the division of existing districts and the formation of new ones, which will inherit the powers and duties of the original district. It mandates that new districts must hold elections for voter approval before imposing maintenance taxes and requires a written petition from property owners for financing services through assessments. The bill also specifies the legal descriptions and boundaries of multiple tracts of land in Collin County, Texas, ensuring accurate delineation and ownership claims. The bill is set to take effect immediately upon securing the necessary vote or on September 1, 2025, if it does not achieve that majority.

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