Back to Propositions Search
PASSED
Pilot Knob Municipal Utility District #01 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 Pilot Knob Municipal Utility District #01 Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 129 (54.2%)AGAINST: 109 (45.8%)
Total Ballots Cast on Proposition: 238
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 Pilot Knob Municipal Utility District #01 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 PILOT KNOB MUNICIPAL UTILITY DISTRICT #01, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.