Texas § SD.9701.152 - ALLOCATION OF EARNED INTEREST

Full text of Texas The Texas Constitution § SD.9701.152 — ALLOCATION OF EARNED INTEREST, with citation guidance and answers to common questions.

§ SD.9701.152. ALLOCATION OF EARNED INTEREST

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. Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147 ), Sec. 1.04, eff. April 1, 2013.

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Frequently Asked Questions About Texas § SD.9701.152

What does The Texas Constitution § SD.9701.152 cover?

Section SD.9701.152 ("ALLOCATION OF EARNED INTEREST") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § SD.9701.152?

A common citation format is "The Texas Constitution § SD.9701.152" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § SD.9701.152 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.