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PASSED
Montgomery County Municipal Utility District #126 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 Montgomery County Municipal Utility District #126 Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 295 (62.0%)AGAINST: 181 (38.0%)
Total Ballots Cast on Proposition: 476
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 Montgomery County Municipal Utility District #126 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 MONTGOMERY COUNTY MUNICIPAL UTILITY DISTRICT #126, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.