TX SB3043

Creates the Craver Ranch Municipal Management District No. 1 in Denton County, Texas, as a special district covering approximately 2,801 acres near the City of Denton to promote employment, commerce, transportation, housing, tourism, recreation, and economic development

Establishes a five-member elected board of directors serving staggered four-year terms, with initial directors named as Jessica Burton, Paul Aycock, Isabelle Holbrook, Ana Martin, and Justine Spurgin

Authorizes the district to issue bonds, impose assessments, and collect fees to finance improvement projects including water, wastewater, drainage, roads, parking facilities, pedestrian ways, and recreational facilities, but prohibits the district from imposing ad valorem taxes

Requires a development agreement between the City of Denton and the primary landowner before the district can exercise any powers; if no agreement is executed by September 1, 2030, the city may request dissolution of the district

Grants limited eminent domain power to the district only if the Act receives a two-thirds vote in both legislative chambers; otherwise, the district is explicitly prohibited from exercising eminent domain