§ 454.021 Authority to Issue
§ 454.022 Notice of Ordinance Authorizing Issuance
§ 454.023 Petition for Election
§ 454.024 Election
§ 454.025 Encumbrance of Transportation System
§ 454.026 Transportation System Franchise
§ 454.027 Operating Expenses as Lien On Revenue
§ 454.028 Obligation of Transportation System Not Municipal Debt
§ 454.029 Additional Bonds or Notes
§ 454.030 Refunding Bonds or Notes
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Terms Used In Texas Transportation Code Chapter 454 > Subchapter B - Revenue Bonds and Notes

  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Property: means real and personal property. See Texas Government Code 311.005
  • Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005