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Relating to the creation of the West Pecos Management District; providing
authority to issue bonds; providing authority to impose assessments, fees, and
No significant fiscal implication to the State is anticipated.
SB 2502 would create the West Pecos Management District, granting it certain powers to implement and finance economic development activities. This includes the authority to issue bonds or other obligations and impose taxes. Compliance standards and other requirements would be instituted. This district will have no eminent domain power, and would be eligible for inclusion in tax increment reinvestment zones.
SB 2502 would give this new management district authority allowing it to promote, develop, encourage, and maintain employment, commerce, transportation, housing, tourism, recreation, the arts, entertainment, economic development, safety, and the public welfare in the district
The district would be a part of a broader class of special districts known as Municipal Management Districts (MMD). This bill would grant municipal-type authority to a non-municipal entity, essentially creating a city within a city that lacks true accountability, which does not support our liberty principles. Ultimately, promoting arts, entertainment, tourism, and economic development is the role of the private sector and not government.
For these reasons, we oppose SB 2502.