Tex. Spec. Dist. Local Laws Code § 9701.152 · Subchapter B. GENERAL FINANCIAL PROVISIONS
ALLOCATION OF EARNED INTEREST.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.04, eff. April 1, 2013.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9701.htm
- Text hash
- sha256 ac9b17f2357902edce26c7e6e1c860872a7347147051d7d5299d8c26e5700b2a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.