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House Bill 4097 |
House Author: Phillips |
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Effective: 6-15-07 |
Senate Sponsor: Estes |
House Bill 4097 amends the Special District Local Laws Code to create the Gunter Municipal Utility District No. 2, in Grayson County, subject to voter approval at a confirmation election. The bill grants the district the power to undertake certain road projects. Ad valorem tax bonds to finance such projects require approval by a two-thirds majority in a district election. Combined bonds and obligations for road projects may not exceed one-fourth of the assessed value of the real property in the district.