Texas Education Code 52.81 – Definitions
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Terms Used In Texas Education Code 52.81
- 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.
In this subchapter:
(1) “Board” means the Texas Higher Education Coordinating Board.
(2) “Bond” means a general obligation bond issued by the board under former § 50b-3 or § 50b-4, 50b-5, 50b-6, or 50b-7, Article III, Texas Constitution.
(3) “Fund” means the student loan auxiliary fund.