reglab/statecodes huggingface dataset:
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3885 - Mustang Ranch Municipal Management District No. 1 › Subchapter E. General Financial Provisions; Assessments › Section 3885.256. Notice of Assessments

Sec. 3885.256.  NOTICE OF ASSESSMENTS.  (a)  The board shall annually file written notice with the secretary of the city that specifies the assessments the district will impose in the district's next fiscal year in sufficient clarity to describe the assessments for the operation and maintenance of the district and the assessments for the payment of debt service of obligations issued or incurred by the district.
(b)  The board shall annually record in the deed records of the county a current assessment roll approved by the governing body of the city.
(c)  The assessment roll must clearly state that the assessments in the assessment roll are in addition to the ad valorem taxes imposed by other taxing units that tax real property in the district.
(d)  The district shall generate and implement a program to provide notification to a prospective purchaser of property in the district of the assessments that have been approved and are imposed by the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 706 (H.B. 534), Sec. 2.01, eff. September 1, 2011.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3885 - Mustang Ranch Municipal Management District No. 1 › Subchapter E. General Financial Provisions; Assessments › Section 3885.257. Residential Property Not Exempt

Sec. 3885.257.  RESIDENTIAL PROPERTY NOT EXEMPT.  Section 375.161, Local Government Code, does not apply to the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 706 (H.B. 534), Sec. 2.01, eff. September 1, 2011.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3885 - Mustang Ranch Municipal Management District No. 1 › Subchapter E. General Financial Provisions; Assessments › Section 3885.258. No Impact Fees

Sec. 3885.258.  NO IMPACT FEES.  The district may not impose an impact fee.
Added by Acts 2011, 82nd Leg., R.S., Ch. 706 (H.B. 534), Sec. 2.01, eff. September 1, 2011.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3885 - Mustang Ranch Municipal Management District No. 1 › Subchapter E. General Financial Provisions; Assessments › Section 3885.259. No Ad Valorem Tax

Sec. 3885.259.  NO AD VALOREM TAX.  The district may not impose an ad valorem tax.
Added by Acts 2011, 82nd Leg., R.S., Ch. 706 (H.B. 534), Sec. 2.01, eff. September 1, 2011.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3885 - Mustang Ranch Municipal Management District No. 1 › Subchapter F. Dissolution › Section 3885.301. Dissolution by City

Sec. 3885.301.  DISSOLUTION BY CITY.  (a)  The city may dissolve the district by ordinance.
(b)  The city may not dissolve the district until:
(1)  the district's outstanding debt or contractual obligations have been repaid or discharged; or
(2)  the city agrees to succeed to the rights and obligations of the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 706 (H.B. 534), Sec. 2.01, eff. September 1, 2011.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3885 - Mustang Ranch Municipal Management District No. 1 › Subchapter F. Dissolution › Section 3885.302. Collection of Assessments and Other Revenue

Sec. 3885.302.  COLLECTION OF ASSESSMENTS AND OTHER REVENUE.  (a)  If the dissolved district has bonds or other obligations outstanding secured by and payable from assessments or other revenue, the city succeeds to the rights and obligations of the district regarding enforcement and collection of the assessments or other revenue.
(b)  The city shall have and exercise all district powers to enforce and collect the assessments or other revenue to pay:
(1)  the bonds or other obligations when due and payable according to their terms; or
(2)  special revenue or assessment bonds or other obligations issued by the city to refund the outstanding bonds or obligations of the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 706 (H.B. 534), Sec. 2.01, eff. September 1, 2011.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3885 - Mustang Ranch Municipal Management District No. 1 › Subchapter F. Dissolution › Section 3885.303. Assumption of Assets and Liabilities

Sec. 3885.303.  ASSUMPTION OF ASSETS AND LIABILITIES.  (a)  After the city dissolves the district, the city assumes the obligations of the district, including any bonds or other debt payable from assessments or other district revenue.
(b)  If the city dissolves the district, the board shall transfer ownership of all district property to the city.
Added by Acts 2011, 82nd Leg., R.S., Ch. 706 (H.B. 534), Sec. 2.01, eff. September 1, 2011.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter A. General Provisions › Section 3886.001. Definitions

Sec. 3886.001.  DEFINITIONS.  In this chapter:
(1)  "Board" means the district's board of directors.
(2)  "Director" means a board member.
(3)  "District" means the Prosper Management District No. 1.
(4)  "Improvement project" means any program or project authorized by Section 3886.103, inside or outside the district.
(5)  "Town" means the Town of Prosper, Texas.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter A. General Provisions › Section 3886.002. Nature of District

Sec. 3886.002.  NATURE OF DISTRICT.  The district is a special district created under Sections 52 and 52-a, Article III, and Section 59, Article XVI, Texas Constitution.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter A. General Provisions › Section 3886.003. Findings of Public Purpose and Benefit

Sec. 3886.003.  FINDINGS OF PUBLIC PURPOSE AND BENEFIT.  (a)  The district is created to serve a public purpose and benefit.
(b)  All land and other property included in the district will benefit from the improvements and services to be provided by the district under powers conferred by Sections 52 and 52-a, Article III, and Section 59, Article XVI, Texas Constitution, and other powers granted under this chapter.
(c)  The district is created to accomplish the purposes of a municipal management district as provided by general law and Sections 52 and 52-a, Article III, and Section 59, Article XVI, Texas Constitution.
(d)  The creation of the district is in the public interest and is essential to:
(1)  further the public purposes of developing and diversifying the economy of the state;
(2)  eliminate unemployment and underemployment; and
(3)  develop or expand transportation and commerce.
(e)  The district will:
(1)  promote the health, safety, and general welfare of residents, employers, employees, potential employees, visitors, and consumers in the district, and of the public;
(2)  provide needed funding for the district to preserve, maintain, and enhance the economic health and vitality of the district territory as a community and business center; and
(3)  promote the health, safety, welfare, and enjoyment of the public by providing pedestrian ways and by landscaping and developing certain areas in the district, which are necessary for the restoration, preservation, and enhancement of scenic beauty.
(f)  Pedestrian ways along or across a street, whether at grade or above or below the surface, and street lighting, street landscaping, parking, and street art objects are parts of and necessary components of a street and are considered to be a street or road improvement.
(g)  The district will not act as the agent or instrumentality of any private interest even though the district will benefit many private interests as well as the public.
(h)  This chapter and the creation of the district may not be interpreted to relieve the town, Collin County, or Denton County from providing the level of services provided as of the effective date of the Act creating this chapter to the area in the district.  The district is created to supplement and not to supplant the town and county services provided in the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter A. General Provisions › Section 3886.004. Initial District Territory

Sec. 3886.004.  INITIAL DISTRICT TERRITORY.  (a)  The district is initially composed of the territory described by Section 2 of the Act creating this chapter.
(b)  The boundaries and field notes contained in Section 2 of the Act creating this chapter form a closure.  A mistake made in the field notes or in copying the field notes in the legislative process does not affect the district's:
(1)  organization, existence, or validity;
(2)  right to issue any type of bond for the purposes for which the district is created or to pay the principal of and interest on a bond;
(3)  right to impose a tax; or
(4)  legality or operation.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter A. General Provisions › Section 3886.005. Eligibility for Inclusion in Special Zones

Sec. 3886.005.  ELIGIBILITY FOR INCLUSION IN SPECIAL ZONES.  (a)  All or any part of the area of the district is eligible to be included in:
(1)  a tax increment reinvestment zone created by the town under Chapter 311, Tax Code;
(2)  a tax abatement reinvestment zone created by the town under Chapter 312, Tax Code; or
(3)  an enterprise zone created by the town under Chapter 2303, Government Code.
(b)  If the town creates a tax increment reinvestment zone, tax abatement reinvestment zone, or enterprise zone under Subsection (a), the town and the board of directors of the zone, by contract with the district, may grant money deposited in the tax increment fund to the district to be used by the district for the purposes described by Section 380.002(b), Local Government Code, for money granted to a corporation under that section, including the right to pledge the money as security for any bonds issued by the district for an improvement project.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter B. Board of Directors › Section 3886.051. Governing Body; Terms

Sec. 3886.051.  GOVERNING BODY; TERMS.  (a)  The district is governed by a board of five directors.
(b)  Directors serve staggered four-year terms, with the terms of two or three directors expiring on June 1 of each odd-numbered year.
(c)  The governing body of the town, by a majority vote, shall appoint one member of the board.
(d)  The board shall recommend to the governing body of the town persons to serve in the other four positions.  The board shall recommend to the governing body of the town the appropriate number of successor directors before the terms of directors appointed under this subsection expire.  After reviewing the recommendations, the governing body shall approve or disapprove the directors recommended by the board.  If the governing body is not satisfied with the recommendations submitted by the board, the board, on the request of the governing body, shall submit additional recommendations.
(e)  Board members may serve successive terms.
(f)  If any provision of Subsection (c), (d), or (e) is found to be invalid, the Texas Commission on Environmental Quality shall appoint the board from recommendations submitted by the preceding board.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter B. Board of Directors › Section 3886.052. Eligibility

Sec. 3886.052.  ELIGIBILITY.  Except for a director appointed as provided by Section 3886.051(c) or 3886.056(a), to be eligible to serve as a director a person must own land in the district.  Section 49.052, Water Code, applies to the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter B. Board of Directors › Section 3886.053. Vacancy

Sec. 3886.053.  VACANCY.  (a)  The remaining directors shall fill a vacancy on the board by appointing a person who is eligible under Section 3886.052.
(b)  If there are fewer than three directors, the governing body of the town shall appoint the necessary number of directors to fill all board vacancies.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter B. Board of Directors › Section 3886.054. Director's Oath and Affirmation

Sec. 3886.054.  DIRECTOR'S OATH AND AFFIRMATION.  A director's oath and affirmation of office shall be filed with the district, and the district shall retain the oath and affirmation in the district records.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter B. Board of Directors › Section 3886.055. Officers

Sec. 3886.055.  OFFICERS.  The board shall elect from among the directors a chair, a vice chair, and a secretary.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter C. Powers and Duties › Section 3886.101. General Powers and Duties

Sec. 3886.101.  GENERAL POWERS AND DUTIES.  The district has the powers and duties necessary to accomplish the purposes for which the district is created.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter C. Powers and Duties › Section 3886.102. Municipal Management District Powers and Duties

Sec. 3886.102.  MUNICIPAL MANAGEMENT DISTRICT POWERS AND DUTIES.  (a)  The district has the powers and duties provided by the general laws of this state, including Chapter 375, Local Government Code, as applicable to municipal management districts created under Sections 52 and 52-a, Article III, and Section 59, Article XVI, Texas Constitution.
(b)  The district shall make available a district  water or wastewater facility to each person who holds a certificate of convenience and necessity under Chapter 13, Water Code, for land in the district.
(c)  The district may not provide retail water or wastewater services.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter C. Powers and Duties › Section 3886.104. Project Development Agreement Required

Sec. 3886.104.  PROJECT DEVELOPMENT AGREEMENT REQUIRED.  Before the district may issue bonds, impose taxes, or borrow money, the district and the town must negotiate and execute a mutually approved and accepted interlocal project development agreement regarding the district's development plans and rules for:
(1)  the development and operation of the district; and
(2)  the financing of improvement projects.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter C. Powers and Duties › Section 3886.105. General Powers Regarding Contracts

Sec. 3886.105.  GENERAL POWERS REGARDING CONTRACTS.  (a)  The district may:
(1)  contract with any person to accomplish any district purpose, including a contract for:
(A)  the payment, repayment, or reimbursement of costs incurred by that person on behalf of the district, including all or part of the costs of any improvement project and interest on the reimbursed cost; or
(B)  the use, occupancy, lease, rental, operation, maintenance, or management of all or part of a proposed or existing improvement project; and
(2)  apply for and contract with any person to receive, administer, and perform a duty or obligation of the district under a federal, state, local, or private gift, grant, loan, conveyance, transfer, bequest, or other financial assistance arrangement relating to the investigation, planning, analysis, study, design, acquisition, construction, improvement, completion, implementation, or operation by the district or others of a proposed or existing improvement project.
(b)  A contract the district enters into to carry out a purpose of this chapter may be on any terms and for any period the board determines, including a negotiable or nonnegotiable note or warrant payable to the town, Collin County, Denton County, or any other person.
(c)  Any person may contract with the district to carry out the purposes of this chapter without further statutory or other authorization.
(d)  The governing body of the town must approve a contract payable from ad valorem taxes for a period longer than one year.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter C. Powers and Duties › Section 3886.106. Rules; Enforcement

Sec. 3886.106.  RULES; ENFORCEMENT.  (a)  The district may adopt rules:
(1)  to administer or operate the district;
(2)  for the use, enjoyment, availability, protection, security, and maintenance of the district's property and facilities; or
(3)  to provide for public safety and security in the district.
(b)  The district may enforce its rules by injunctive relief.
(c)  To the extent a district rule conflicts with a town rule, order, or regulation, the town rule, order, or regulation controls.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter C. Powers and Duties › Section 3886.107. Name Change

Sec. 3886.107.  NAME CHANGE.  The board by resolution may change the district's name.  The board shall give written notice of the change to the town.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter C. Powers and Duties › Section 3886.108. Adding or Removing Territory

Sec. 3886.108.  ADDING OR REMOVING TERRITORY.  The board may add or remove territory under Subchapter J, Chapter 49, Water Code, and Section 54.016, Water Code, except that:
(1)  the addition or removal of the territory must be approved by:
(A)  the governing body of the town; and
(B)  the owners of the territory being added or removed;
(2)  a reference to a tax in Subchapter J, Chapter 49, Water Code, or Section 54.016, Water Code, means an ad valorem tax; and
(3)  territory may not be removed from the district if bonds or other obligations of the district payable wholly or partly from ad valorem taxes on the territory are outstanding.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter C. Powers and Duties › Section 3886.109. Economic Development

Sec. 3886.109.  ECONOMIC DEVELOPMENT.  The district may create economic development programs and exercise the economic development powers that Chapter 1509, Government Code, provides for a municipality.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter C. Powers and Duties › Section 3886.110. No Eminent Domain Power

Sec. 3886.110.  NO EMINENT DOMAIN POWER.  The district may not exercise the power of eminent domain.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter C. Powers and Duties › Section 3886.111. Terms of Employment; Compensation

Sec. 3886.111.  TERMS OF EMPLOYMENT; COMPENSATION.  The board may employ and establish the terms of employment and compensation of an executive director or general manager and any other district employees the board considers necessary.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter D. General Financial Provisions › Section 3886.151. Elections Regarding Taxes or Bonds

Sec. 3886.151.  ELECTIONS REGARDING TAXES OR BONDS.  (a)  The district may issue, without an election, bonds and other obligations secured by revenue or contract payments from any source other than ad valorem taxes.
(b)  The district must hold an election in the manner provided by Chapters 49 and 54, Water Code, to obtain voter approval before the district may impose an ad valorem tax or issue bonds payable from ad valorem taxes.
(c)  The district may not issue bonds payable from ad valorem taxes to finance a road project unless the issuance is approved by a vote of a two-thirds majority of the district voters voting at an election held for that purpose.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter D. General Financial Provisions › Section 3886.152. Borrowing Money

Sec. 3886.152.  BORROWING MONEY.  The district may borrow money for a district purpose by issuing or executing bonds, notes, credit agreements, or other obligations of any kind found by the board to be necessary or appropriate for a district purpose.  A note, bond, credit agreement, or other obligation must be secured by and payable from ad valorem taxes, assessments, or any other district revenue.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter D. General Financial Provisions › Section 3886.153. Operation and Maintenance Tax

Sec. 3886.153.  OPERATION AND MAINTENANCE TAX.  (a)  If authorized at an election held under Section 3886.151, the district may impose an operation and maintenance tax on taxable property in the district in accordance with Section 49.107, Water Code.
(b)  Except as provided by Subsection (c), the district may impose the tax for operation and maintenance purposes, including for:
(1)  planning, constructing, acquiring, maintaining, repairing, and operating all improvement projects, including land, plants, works, facilities, improvements, appliances, and equipment of the district; and
(2)  paying costs of services, engineering and legal fees, and organization and administrative expenses.
(c)  The district may not impose an operation and maintenance tax unless the maximum rate of the tax is approved by the governing body of the town and a majority of the voters of the district voting at an election held for that purpose. If the maximum tax rate is approved, the board may impose the tax at any rate that does not exceed the approved rate.
(d)  An operation and maintenance tax election may be held at the same time and in conjunction with any other district election.  The election may be called by a separate election order or as part of any other election order.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter D. General Financial Provisions › Section 3886.154. Contract Taxes

Sec. 3886.154.  CONTRACT TAXES.  (a)  In accordance with Section 49.108, Water Code, the district may make payments under a contract from taxes other than operation and maintenance taxes after the provisions of the contract have been approved by a majority of the district voters voting at an election held for that purpose.
(b)  A contract approved by the district voters may contain a provision stating that the contract may be modified or amended by the board without further voter approval.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter E. Bonds and Other Obligations › Section 3886.201. Authority to Issue Bonds and Other Obligations

Sec. 3886.201.  AUTHORITY TO ISSUE BONDS AND OTHER OBLIGATIONS.  The district may issue bonds or other obligations payable wholly or partly from ad valorem taxes, impact fees, revenue, contract payments, grants, sales and use taxes, revenue from a zone created under Chapter 311 or 312, Tax Code, or Chapter 2303, Government Code, other district money, or any combination of those sources, to pay for any authorized district purpose.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter E. Bonds and Other Obligations › Section 3886.202. Taxes for Bonds

Sec. 3886.202.  TAXES FOR BONDS.  (a)  At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board shall provide for the annual imposition of an ad valorem tax, without limit as to rate or amount, as required by Section 54.601, Water Code.
(b)  The board shall annually impose the tax while all or part of the bonds are outstanding.  Sections 54.601 and 54.602, Water Code, govern the amount and rate of the tax.
(c)  The district annually shall impose the tax on all taxable property in the district in an amount sufficient to:
(1)  pay the interest on the bonds or other obligations as the interest becomes due;
(2)  create a sinking fund for the payment of the principal of the bonds or other obligations when due or the redemption price at any earlier required redemption date; and
(3)  pay the expenses of imposing the tax.
(d)  The district may not issue bonds or other obligations that are secured by and payable from ad valorem taxes unless the bonds and the imposition of taxes are approved by:
(1)  a majority of the district voters voting at an election for that purpose; and
(2)  the governing body of the town.
(e)  The district shall hold an election required by this section in the manner provided by Chapter 54, Water Code.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter E. Bonds and Other Obligations › Section 3886.203. Bond Issuance Plan Required Before Issuing Bonds

Sec. 3886.203.  BOND ISSUANCE PLAN REQUIRED BEFORE ISSUING BONDS.  The district may not issue bonds until the governing body of the town approves a bond issuance plan authorizing and prescribing the limitations on the issuance of the bonds.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter E. Bonds and Other Obligations › Section 3886.204. Bond Maturity

Sec. 3886.204.  BOND MATURITY.  Bonds must mature not more than 40 years from their date of issuance.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter E. Bonds and Other Obligations › Section 3886.205. Bonds for Road Projects

Sec. 3886.205.  BONDS FOR ROAD PROJECTS.  At the time of issuance, the total principal amount of bonds or other obligations issued or incurred to finance road projects may not exceed one-fourth of the assessed value of the real property in the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter F. Dissolution › Section 3886.251. Dissolution by Town Ordinance

Sec. 3886.251.  DISSOLUTION BY TOWN ORDINANCE.  (a)  The town by ordinance may dissolve the district.
(b)  The town may not dissolve the district until the district's outstanding indebtedness or contractual obligations that are payable from ad valorem taxes have been repaid or discharged.
(c)  The town may not dissolve the district until the agreement under Section 3886.104 has been executed and the district's performance under the agreement has been fulfilled, including any right or obligation the district has to reimburse a developer or owner for the costs of improvement projects.
(d)  The town may not dissolve the district before December 31, 2016.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter F. Dissolution › Section 3886.252. Collection of Assessments and Other Revenue

Sec. 3886.252.  COLLECTION OF ASSESSMENTS AND OTHER REVENUE.  (a)  If the dissolved district has bonds or other obligations outstanding secured by and payable from assessments or other revenue, other than ad valorem taxes, the town shall succeed to the rights and obligations of the district regarding enforcement and collection of the assessments or other revenue.
(b)  The town shall have and exercise all district powers to enforce and collect the assessments or other revenue to pay:
(1)  the bonds or other obligations when due and payable according to their terms; or
(2)  special revenue or assessment bonds or other obligations issued by the town to refund the outstanding bonds or obligations.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3886 - Prosper Management District No. 1 › Subchapter F. Dissolution › Section 3886.253. Assumption of Assets and Liabilities

Sec. 3886.253.  ASSUMPTION OF ASSETS AND LIABILITIES.  (a)  After the town dissolves the district, the town assumes the obligations of the district, including any bonds or other indebtedness payable from assessments or other district revenue.
(b)  If the town dissolves the district, the board shall transfer ownership of all district property to the town.
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752), Sec. 1, eff. September 1, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter A. General Provisions › Section 3887.001. Definitions

Sec. 3887.001.  DEFINITIONS.  In this chapter:
(1)  "Board" means the board of directors of the district.
(2)  "County" means Guadalupe County.
(3)  "District" means the Guadalupe County Development and Management District.
(4)  "Improvement project" means a program or project authorized by Section 3887.102, inside or outside the boundaries of the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter A. General Provisions › Section 3887.002. Creation and Nature of District

Sec. 3887.002.  CREATION AND NATURE OF DISTRICT.  (a)  The district is a special district created under Section 59, Article XVI, Texas Constitution, with all of the powers granted by this chapter.
(b)  The district is a governmental unit for the purposes of Chapter 101, Civil Practice and Remedies Code, and operations of the district are considered to be essential governmental functions and not proprietary functions for all purposes, including the application of that chapter.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter A. General Provisions › Section 3887.003. Purpose; Legislative Findings

Sec. 3887.003.  PURPOSE; LEGISLATIVE FINDINGS.  (a)  The creation of the district is essential to accomplish the purposes of Sections 52 and 52-a, Article III, and Section 59, Article XVI, Texas Constitution, and other public purposes stated in this chapter.  By creating the district and in authorizing political subdivisions to contract with the district, the legislature has established a program to accomplish the public purposes set out in Section 52-a, Article III, Texas Constitution.
(b)  The creation of the district is necessary to promote, develop, and protect the environment and the other natural resources of the state, and to encourage and maintain employment, commerce, transportation, housing, tourism, recreation, the arts, entertainment, economic development, safety, and the public welfare in the district.
(c)  This chapter and the creation of the district may not be interpreted to relieve the county from providing the level of services provided as of the effective date of the Act enacting this chapter to the area in the district.  The district is created to supplement and not to supplant county services provided in the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter A. General Provisions › Section 3887.004. Findings of Benefit and Public Purpose

Sec. 3887.004.  FINDINGS OF BENEFIT AND PUBLIC PURPOSE.  (a)  The district is created to serve a public use and benefit.
(b)  All land and other property included in the district will benefit from the improvements and services to be provided by the district under powers conferred by Sections 52 and 52-a, Article III, and Section 59, Article XVI, Texas Constitution, and other powers granted under this chapter.
(c)  The creation of the district is in the public interest and is essential to further the public purposes of:
(1)  developing and diversifying the economy of the state;
(2)  eliminating unemployment and underemployment;
(3)  providing quality residential housing;
(4)  developing or expanding transportation and commerce; and
(5)  improving and enhancing the environment in and around the district and in the county.
(d)  The district will:
(1)  promote the health, safety, and general welfare of residents, employers, potential employees, employees, visitors, and consumers in the district, and of the public;
(2)  provide needed funding for the district to preserve, maintain, and enhance the economic health and vitality of the district territory as a residential community and business center; and
(3)  promote the health, safety, welfare, and enjoyment of the public by providing pedestrian ways and by landscaping and developing certain areas in the district, which are necessary for the restoration, preservation, and enhancement of scenic beauty and enhancing and improving the environment as an essential natural resource of the state.
(e)  Pedestrian ways along or across a street, whether at grade or above or below the surface, and street lighting, street landscaping, vehicle parking, and street art objects are parts of and necessary components of a street and are considered to be an improvement project that includes a street or road improvement.
(f)  The district will not act as the agent or instrumentality of any private interest even though the district will benefit many private interests as well as the public.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter A. General Provisions › Section 3887.005. District Territory

Sec. 3887.005.  DISTRICT TERRITORY.  (a)  The district is composed of the territory described by Section 2 of the Act enacting this chapter, as that territory may have been modified under Section 3887.107 or other law.
(b)  A mistake in the field notes of the district contained in Section 2 of the Act enacting this chapter or in copying the field notes in the legislative process does not in any way affect:
(1)  the district's organization, existence, or validity;
(2)  the district's right to contract, including the right to issue any type of bond or other obligation for a purpose for which the district is created;
(3)  the district's right to impose or collect an assessment, tax, or any other revenue; or
(4)  the legality or operation of the board.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter A. General Provisions › Section 3887.006. Eligibility for Inclusion in Special Zones

Sec. 3887.006.  ELIGIBILITY FOR INCLUSION IN SPECIAL ZONES.  (a)  If all or any part of the district is annexed into a municipality, any part of the area of the district is eligible to be included in:
(1)  a tax increment reinvestment zone created by the municipality under Chapter 311, Tax Code;
(2)  a tax abatement reinvestment zone created by the municipality under Chapter 312, Tax Code; or
(3)  an enterprise zone created by the municipality under Chapter 2303, Government Code.
(b)  If a municipality creates a tax increment reinvestment zone described by Subsection (a), the municipality, by contract with the district, may grant money deposited in the tax increment fund to the district to be used by the district for the purposes permitted for money granted to a corporation under Section 380.002(b), Local Government Code, including the right to pledge the money as security for any bonds issued by the district for an improvement project.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter B. Board of Directors › Section 3887.051. Governing Body; Terms

Sec. 3887.051.  GOVERNING BODY; TERMS.  The district is governed by a board of five directors who serve staggered terms of four years, with two or three directors' terms expiring July 1 of each odd-numbered year.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter B. Board of Directors › Section 3887.052. Election Date

Sec. 3887.052.  ELECTION DATE.  The board shall hold elections for directors on the uniform election date in May of odd-numbered years.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter B. Board of Directors › Section 3887.053. Vacancy

Sec. 3887.053.  VACANCY.  The board of directors shall appoint a director to fill a vacancy on the board for the remainder of the unexpired term.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter B. Board of Directors › Section 3887.054. Eligibility

Sec. 3887.054.  ELIGIBILITY.  (a)  To serve as a director, a person must be at least 18 years old and be:
(1)  a resident of the district who is also a registered voter of the district;
(2)  an owner of property in the district;
(3)  an owner of stock, whether beneficial or otherwise, of a corporate owner of property in the district;
(4)  an owner of a beneficial interest in a trust that owns property in the district;
(5)  an agent, employee, or tenant of a person covered by Subdivision (2), (3), or (4); or
(6)  an initial director.
(b)  Section 49.052, Water Code, does not apply to the district.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter B. Board of Directors › Section 3887.055. Director's Oath or Affirmation

Sec. 3887.055.  DIRECTOR'S OATH OR AFFIRMATION.  A director's oath or affirmation of office shall be filed with the district, and the district shall retain the oath or affirmation in the district records.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter B. Board of Directors › Section 3887.056. Officers

Sec. 3887.056.  OFFICERS.  The board shall elect from among the directors a presiding officer, an assistant presiding officer, and a secretary.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.
2023 Texas Statutes › Special District Local Laws Code › Title 4 - Development and Improvement › Subtitle C - Development, Improvement, and Management › Chapter 3887 - Guadalupe County Development and Management District › Subchapter B. Board of Directors › Section 3887.057. Compensation, Expenses, and Liability Insurance for Directors

Sec. 3887.057.  COMPENSATION, EXPENSES, AND LIABILITY INSURANCE FOR DIRECTORS.  (a)  The district may compensate each director in an amount not to exceed $50 for each board meeting.  The total amount of compensation for one director may not exceed $2,000 annually.
(b)  The district shall reimburse directors for necessary and reasonable expenses incurred in carrying out the duties and responsibilities of a director.
(c)  The district may obtain and pay for comprehensive general liability insurance coverage from commercial insurance companies or other sources that protect and insure the directors against personal liability and from any and all claims for actions taken as directors or actions and activities taken by the district or by others acting on the district's behalf.
Added by Acts 2009, 81st Leg., R.S., Ch. 1078 (H.B. 4755), Sec. 1, eff. June 19, 2009.