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Senate Bill 323 |
Senate Author: Deuell |
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Effective: 6-16-07 |
House Sponsor: Brown, Betty |
Senate Bill 323 amends the Special District Local Laws Code to create the Fairfields Municipal Utility District of Kaufman County, contingent on voter approval at a confirmation election. The bill grants the district powers to undertake certain road projects. The issuance of bonds and obligations for such projects, when secured wholly or partly by ad valorem taxes, requires approval by a two-thirds majority of those voting in a district election, and the amount issued may not exceed one-fourth of the assessed value of the real property in the district. The bill exempts the property of certain utilities from district impact fees and assessments.