Senate Committee on Municipal Utility Districts, Special - 70th R.S. (1987)

Committee: Senate Municipal Utility Districts, Special
Title: Interim report
Library Catalog Title: Interim report to the 71st Legislature / Special Committee on Municipal Utility Districts.
Subjects: Bankruptcy | Bond issues | Municipal utility districts | Real estate development | Special taxing districts |
Library Call Number: L1836.70 m925
Session: 70th R.S. (1987)
Online version: View report [26 pages  File size: 973 kb]
Charges: This report should address the charges below.
1. Study the potential for defaults among county municipal utility districts.
2. 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.
3. 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.
4. 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.
5. 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.
Supporting documents
Committee: Senate Municipal Utility Districts, Special
Title: SR 256, 70th Leg.
Library Call Number: SR 256
Session: 70th R.S. (1987)
Online version: View document [3 pages  File size: 720 kb]

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