Relating to the creation of the Fannin County Improvement District No. 1; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.

SB 3050 creates Fannin County Improvement District No. 1, a special district authorized to issue bonds and impose assessments, fees, and taxes on properties within its boundaries. The district is designed to promote economic development - including employment, tourism, transportation, and commerce - while supplementing, not replacing, existing county services. Property owners in the district will be subject to these financial obligations to fund improvements like infrastructure or community projects. The bill establishes the district under Texas constitutional authority to support public welfare and economic growth in Fannin County.