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House Bill 3991 |
House Author: King, Phil |
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Effective: 9-1-07 |
Senate Sponsor: Estes |
House Bill 3991 amends the Special District Local Laws Code to create the Rolling V Ranch Water Control and Improvement District No. 1 of Wise County, subject to voter approval at a confirmation election. The bill grants the district the power to undertake certain road projects, but bonds for road projects require approval by a two-thirds majority of those voting in a district election, and the bonds or other obligations for such projects may not exceed one-fourth of the assessed value of the real property in the district.