Texas Creates Reserve Municipal Management District, Includes Tax Provisions

The Texas Legislature enacted legislation creating the Reserve Municipal Management District. The law includes: 1) providing the district authority to issue bonds; and 2) providing the district authority to impose assessments, fees, and taxes. The law takes effect on Sept 1. [H.B. 5696, became law without signature 06/20/25]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.