STATUTORY TAX DISTRICT Sample Clauses
STATUTORY TAX DISTRICT. If the Property is situated in a utility or other statutorily created district providing water, sewer, drainage, or flood control facilities and services, Chapter 49 of the Texas Water Code requires Builder to deliver and Buyer to sign the statutory notice relating to the tax rate, bonded indebtedness, or standby fee of the district prior to final execution of this Contract.
STATUTORY TAX DISTRICT. Per Tex. Water Code § 49.452, if the Property is situated in a utility or other statutorily created district providing water, sewer, drainage, or flood control facilities and services, Builder shall deliver to Buyer and Buyer shall sign the statutory notice relating to the tax rate, bonded indebtedness, or standby fee of the district prior to final execution of this Contract.