Relating to the creation of certain municipal management districts; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes; granting a limited power of eminent domain.

SB 3047 creates the Pura Vida Municipal Management District No. 1 in Mustang Ridge, Texas, to promote economic development, tourism, and community infrastructure. The district can issue bonds, impose fees and taxes, and use limited eminent domain authority to fund improvements like pedestrian pathways, landscaping, water systems, and recreational facilities within its defined boundaries. It directly affects property owners and businesses in the district area, supplementing (not replacing) city services. The bill emphasizes the district’s role in enhancing public welfare, safety, and economic vitality while requiring it to serve public interests without acting as an agent for private interests.