Back to Propositions Search
PASSED
Cinco Municipal Utility District #10 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 Cinco Municipal Utility District #10 Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 162 (56.1%)AGAINST: 127 (43.9%)
Total Ballots Cast on Proposition: 289
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 Cinco Municipal Utility District #10 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 CINCO MUNICIPAL UTILITY DISTRICT #10, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.