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Texas Special District Local Laws Code - SDLL § 9701.152. Allocation of Earned Interest

Current as of January 01, 2024 | Updated by Findlaw Staff

The Red Bluff District shall annually distribute interest earned on the principal amount as follows:

(1) one-third to the Red Bluff District; and

(2) two-thirds to the member districts, to be allocated among the member districts in the same percentages as each member district's pro rata share of water under the master contract between the Red Bluff District and the member districts dated March 8, 1934. (Acts 72nd Leg., 1st C.S., Ch. 4, Secs. 10.01(2), 10.04(a), (d).)

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 9701.152. Allocation of Earned Interest - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-9701-152/

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