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Tex. Special District Local Laws Code § 9701.152

ALLOCATION OF EARNED INTEREST

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 9701.152, ALLOCATION OF EARNED INTEREST, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/623478
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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.