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Committee on Municipal Utility Districts, Special - 70th R.S. (1987)
Study the potential for defaults among county municipal utility districts.
Assess the social and economic impact of the districts that have defaulted or are in danger of default, including the impact on residents of the district with respect to cost of services, tax burden, homestead protection, rights and powers of bondholders, and liability of officers of districts.
Assess the impact on developers or owners of undeveloped land in the districts with respect to status of liens, involvement of lenders and financial institutions, and liability to residents and bondholders.
Survey the financial position of municipal utility districts with respect to the effects of declining real estate valuations, the existence and collateral of interest and sinking funds, the cost of those costs upon residents, and the effects of those costs upon residents.
Develop a projection of future trends based on information gathered from all the diverse interests involved in the issue and ascertain what action, if any, should be taken by the state to avoid the adverse effects resulting from default by utility districts.
Appointed pursuant to SR 256.
Appointed by the Lieutenant Governor 10/18/1987. (Letters from William P. Hobby, Lieutenant Governor of Texas, October 18, 1987. See Lieutenant Governor Hobby Appointments, L1803.1 P926la 1987-90 3.)
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