The bill establishes the Llano Historic Railroad Authority as a special district in Texas, dedicated to the development and maintenance of parks and recreational facilities linked to the historic railroad district in Llano County. The authority's responsibilities include preserving the rail line's infrastructure, restoring the historic district, and facilitating activities such as tourist excursions and educational programs. It aims to enhance cultural benefits, collaborate with local governments, and promote economic development in the region. The governing body will consist of a board of seven voting directors, with specific appointment procedures and eligibility criteria, and the authority is granted powers to enter contracts, manage property, and generate revenue, while being prohibited from imposing ad valorem taxes or acting for private interests.

Additionally, the bill introduces provisions for the dissolution of authorities and the management of outstanding debts, allowing the board to dissolve the authority even if it has existing debt, which will persist solely for debt discharge purposes until fully paid. It also requires that any grants made by the taxing authority must serve a public purpose. The bill confirms that all procedural requirements have been met prior to its introduction, including legal notice publication and submission to the Texas Commission on Environmental Quality for recommendations. The Act is set to take effect on September 1, 2025.

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