TX HB5673

Creates La Cima Municipal Management District No. 1 as a special district in Hays County, Texas, associated with the City of San Marcos, to promote employment, commerce, transportation, housing, tourism, recreation, and economic development within approximately 658 acres of land

Establishes a five-member elected board of directors serving staggered four-year terms, with initial directors named as Kevin Pogue, Doug Botts, Adam Van Ackeren, John Gurasich, and James Schellhase

Grants the district authority to issue bonds, impose ad valorem taxes (with voter approval), and levy assessments to fund water, wastewater, drainage, road, recreational facilities, and other improvement projects

Provides limited eminent domain power to the district if the bill receives a two-thirds legislative vote; otherwise, the district explicitly cannot exercise eminent domain authority

Requires municipal consent from San Marcos before issuing bonds backed by ad valorem taxes, and allows dissolution upon petition by owners of at least two-thirds of assessed property value or by majority board vote when no outstanding debts exist