Bill > SB2522

This bill amends the Water Code to require sellers of property located within certain water districts to provide purchasers with a standardized written notice. The notice must include information about the district's authority to levy taxes and assessments, the current or projected tax and assessment rates, the aggregate principal amounts of outstanding district bonds, and other relevant details about the district's services and operations. The bill also requires districts to post the notice on their website if they are required to maintain one under the Tax Code. The bill aims to enhance transparency for purchasers of property within these special taxing or assessment districts.