When I started working for The Moore Group, a civil engineering firm in Austin,
I knew very little about engineering. I quickly learned a lot, but as I read
through our everyday documents I realized there were a lot of acronyms I didn't
understand.
One commonly used one is MUD or Municipal Utility District. Not only did I not
know that it wasn't talking about wet dirt, but I had no idea what it involved. I
had a few different theories and most of them ended with the visual of a building
sinking Read more [...]
The State of Texas allows Land Developers to form Water Districts in order to help finance medium to large sized projects. The Water District repays the Developer for the cost of utilities, drainage systems, ponds and other improvements. The Water District is a taxing authority that re-pays the Developer through the issuance of bonds, similar to municipal bonds.
There is more than one type of Water District. Types that are commonly used in Land Development include the Municipal Utility District Read more [...]