Relating to the creation of the Craver Ranch Municipal Management District No. 1; providing authority to issue bonds; providing authority to impose assessments and fees; granting a limited power of eminent domain.

SB 3043 creates the Craver Ranch Municipal Management District No. 1 in Denton, Texas, to promote economic development, housing, and public services in the area. The district will have authority to issue bonds, impose property assessments and fees, and exercise limited eminent domain powers to fund improvements like infrastructure and parks. It is designed to supplement, not replace, existing city services provided by Denton, as explicitly stated in the bill. This procedural bill establishes the framework for the district but does not change current service levels or enact new policies.