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Senate Bill 890 |
Senate Author: Uresti |
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Effective: 6-14-13 |
House Sponsor: Nevarez |
Senate Bill 890 amends the Special District Local Laws Code to create the Reeves County Groundwater Conservation District, subject to voter approval at a confirmation election. The bill establishes the district's powers and duties, and it authorizes the district to issue bonds and notes but caps the total indebtedness created by such issuance at $250,000 at any time. The bill caps the district property tax rate at three cents on each $100 valuation of taxable property in the district. The bill specifies that certain statutory tax provisions do not apply to a tax imposed by the district. The district is prohibited from exercising the power of eminent domain.