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PASSED
Lazy Nine Municipal Utility District #1B 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 Lazy Nine Municipal Utility District #1B Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 168 (58.1%)AGAINST: 121 (41.9%)
Total Ballots Cast on Proposition: 289
Authorized Bond Debt
$1.8M
Total 30-Yr Repayment
$2.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Lazy Nine Municipal Utility District #1B to issue $1,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LAZY NINE MUNICIPAL UTILITY DISTRICT #1B, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.