Back to Propositions Search
PASSED
Riceland Municipal Utility District No. 1 2013 Capital Infrastructure & Facility Improvement Bond Proposition
May 2013 Riceland Municipal Utility District No. 1 Uniform General & Special Election • Canvassed on 2013-05-04
Official Certified Canvass Outcome
FOR: 228 (61.0%)AGAINST: 146 (39.0%)
Total Ballots Cast on Proposition: 374
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 Riceland Municipal Utility District No. 1 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 RICELAND MUNICIPAL UTILITY DISTRICT NO. 1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.