TX HB5686

Creates Montgomery County Management District No. 3 as a special district in Montgomery County, Texas, covering approximately 144 acres in the Calvin Lynch Survey, governed by a five-member board of directors serving staggered four-year terms

Grants the district authority to issue bonds, impose ad valorem taxes (with voter approval), levy assessments, and adopt a sales and use tax to fund improvements including water, wastewater, drainage, roads, parking facilities, and recreational amenities

Authorizes the district to promote economic development, contract for law enforcement services with Montgomery County or the cities of Conroe and Willis, and create nonprofit corporations to assist with projects

Specifies the district supplements rather than replaces existing county and city services, and prohibits the district from exercising eminent domain power

Names five initial directors (Michele Burke, Andrew Williams, Benjamin Mellado, Mehmet Okumus, and Joey Sergio Soto) and allows the district to be divided into multiple new districts if it has never issued bonds and is not imposing ad valorem taxes