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PASSED
Lazy Nine Municipal Utility District #1E 2006 Capital Infrastructure & Facility Improvement Bond Proposition
May 2006 Lazy Nine Municipal Utility District #1E Uniform General & Special Election • Canvassed on 2006-05-06
Official Certified Canvass Outcome
FOR: 262 (55.0%)AGAINST: 214 (45.0%)
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 Lazy Nine Municipal Utility District #1E 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 LAZY NINE MUNICIPAL UTILITY DISTRICT #1E, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.