TX HB5555

Prohibits a person from simultaneously serving on both a property owners' association board and as a director of a municipal utility district

Requires at least 30 days advance certified mail notice to county commissioners courts and groundwater conservation districts (if within 5 miles) before filing a petition to create a new municipal utility district, with notice including proposed boundaries and information about rights to respond

Mandates that districts schedule elections for permanent directors once 75% of plots are leased, sold, or conveyed, and requires at least 3 of the 5 directors to be qualified voters residing within the district

Limits director terms to a maximum of 4 years and requires quarterly board meetings to be held within the district or within 10 miles of its boundary, with tax rate meetings conducted in person

Caps the interest and sinking fund tax rate at $0.50 per $100 of assessed value and limits total combined district ad valorem taxes to $1.25 per $100 of assessed valuation in any tax year