The bill establishes the Llano Historic Railroad Authority as a special district in Texas, focusing on the development and maintenance of parks and recreational facilities linked to the historic railroad district in Llano and Burnet Counties. The authority will oversee the maintenance of rail line infrastructure, restoration of the historic district, and operation of activities such as tourist excursions and educational programs, all aimed at fostering economic development, tourism, and public welfare. Governance will be provided by a board of directors with seven voting members appointed by local officials, adhering to specific eligibility criteria and term limits.

Furthermore, the bill grants the authority the ability to impose service fees, generate revenue through ticket sales and facility rentals, and accept grants and donations, while explicitly prohibiting ad valorem taxes and ensuring it does not act for private interests. It also includes new provisions for the dissolution of authorities, allowing the board to dissolve the authority even if debts exist, with the authority continuing solely to discharge those debts until fully paid. The bill confirms that all procedural requirements for its introduction have been met and is set to take effect on September 1, 2025.

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