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PASSED
Harris County Municipal Utility District #432 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 Harris County Municipal Utility District #432 Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 150 (58.8%)AGAINST: 105 (41.2%)
Total Ballots Cast on Proposition: 255
Authorized Bond Debt
$1.7M
Total 30-Yr Repayment
$2.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Harris County Municipal Utility District #432 to issue $1,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR HARRIS COUNTY MUNICIPAL UTILITY DISTRICT #432, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.