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Proposition AFRENSHIP ISD (Lubbock County)
PASSEDFRENSHIP ISD 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 FRENSHIP ISD Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 935 (60.0%)AGAINST: 624 (40.0%)
Total Ballots Cast on Proposition: 1,559
Authorized Bond Debt
$26.6M
Total 30-Yr Repayment
$40.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes FRENSHIP ISD to issue $26,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $26,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR FRENSHIP ISD, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.