Harris County Municipal Utility District #501 2008 Capital Infrastructure & Facility Improvement Bond Proposition

May 2008 Harris County Municipal Utility District #501 Uniform General & Special Election • Canvassed on 2008-05-03

Official Certified Canvass Outcome

FOR: 133 (52.2%)AGAINST: 122 (47.8%)

Total Ballots Cast on Proposition: 255

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 Harris County Municipal Utility District #501 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 HARRIS COUNTY MUNICIPAL UTILITY DISTRICT #501, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF