Relating to the creation of the Alluvium Ranch 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.

SB 3056 creates the Alluvium Ranch Municipal Management District No. 1 in Sherman, Texas, to provide local services and economic development within its boundaries. The district will have authority to issue bonds for infrastructure projects, impose property-based assessments and fees, and use limited eminent domain to acquire land for district purposes. This bill directly affects property owners within the designated district area, who will pay these new assessments and fees. The district is intended to supplement, not replace, existing city and county services while promoting economic development, housing, and public welfare in the area.