TX HB74

Creates the Puerto Verde Port Authority District as a special district in Maverick County, Texas, governed by a 5-member elected board serving staggered 4-year terms, with compensation up to $150 per meeting and $7,200 annually

Grants the district broad powers including constructing and operating rail facilities, bridge facilities (including toll bridges), port and navigation infrastructure, parking facilities, water/wastewater systems, and economic development programs

Authorizes the district to impose ad valorem taxes and assessments (with voter approval for taxes), issue bonds, borrow money, and collect fees, tolls, and charges to fund district purposes

Provides limited eminent domain power (requires two-thirds legislative vote to take effect; otherwise the district explicitly has no eminent domain authority)

Encompasses approximately 3,322 total acres across multiple tracts of land in Maverick County, with provisions allowing the district to add or exclude land and eligibility for inclusion in tax increment or tax abatement reinvestment zones