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West Wise Rural Water Supply Corporation was formed to provide water supply to the members of the corporation. The Public Utility Commission issued the Corporation CCN No. 10284 on November 1, 1979.
The called Membership Meeting of the Sareholders of West Wise Rural Water Supply Corporation was held on October 23, 2001 to consider and vote on whether West Wise Rural Water Supply Corporation should be converted to a Special Utility District. It was ordered by the Board of Directors of West Wise Rural Water Supply Corporation that it convert to a Special Utility District. The Order was filed with the Texas Natural Resource Conservation Commission, passed and approved November 8, 2001.
The West Wise Rural Water Supply Corporation proposes to create the West Wise Special Utility District pursuant to Chapters 49 & 65 of the Texas Water Code.
The purpose for converting to a Special Utility District (SUD) is to become a public entity and a political subdivision of the State of Texas thereby having a tax-exempt status. The district will have the ability to save a considerable amount of money by obtaining a sales tax exemption and by paying a lower interest rate on tax-exempt debt for any future system improvements. The proposed district will also have a better ability to obtain additional quantities and sources of water for its customers.
