Tex. Spec. Dists. Code § 9701.152

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 9701.152 - Allocation of Earned Interest

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.

Tex. Spec. Dist. Loc. Laws § 9701.152

Added by Acts 2011, 82nd Leg., R.S., Ch. 70, Sec. 1.04, eff. 4/1/2013.