Honorable Angie Chen Button, Chair, House Committee on Urban Affairs
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB4764 by Wray (Relating to the authority of the Midlothian Municipal Management District No. 3 to impose an ad valorem tax.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Special District Local Laws Code to allow ad valorem taxes in certain municipal management districts to exceed statutory thresholds in order to pay existing bonds or other obligations.
Local Government Impact
The fiscal implications of the bill for municipal management districts subject to its provisions cannot be determined at this time.