Back to Propositions Search
Proposition ALa Terra Public Improvement District (Collin County)
PASSEDLa Terra Public Improvement District 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 La Terra Public Improvement District Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 211 (59.1%)AGAINST: 146 (40.9%)
Total Ballots Cast on Proposition: 357
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes La Terra Public Improvement District to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LA TERRA PUBLIC IMPROVEMENT DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.