Relating to the creation of the Wolf Creek Municipal Management District No. 1; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes; granting a limited power of eminent domain.

HB 5691 creates the Wolf Creek Municipal Management District No. 1, a special district in Hunt County, Texas, to promote economic development and public welfare in the area. The district gains authority to issue bonds, impose property assessments, fees, and taxes on land within its boundaries, and exercise limited eminent domain for project-related land acquisition. It is designed to supplement - rather than replace - existing city and county services, focusing on advancing employment, commerce, transportation, and community safety. The bill explicitly states its purpose is to serve public interests by fostering economic growth while ensuring property owners in the district bear the associated financial obligations.