Texas Government Code 1205.001 – Definitions
Terms Used In Texas Government Code 1205.001
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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 chapter:
(1) “Issuer” means an agency, authority, board, body politic, commission, department, district, instrumentality, municipality or other political subdivision, or public corporation of this state. The term includes a state-supported institution of higher education and any other type of political or governmental entity of this state.
(2) “Public security” means an interest-bearing obligation, including a bond, bond anticipation note, certificate, note, warrant, or other evidence of indebtedness, regardless of whether the obligation is:
(A) general or special;
(B) negotiable;
(C) in bearer or registered form;
(D) in temporary or permanent form;
(E) issued with interest coupons; or
(F) to be repaid from taxes, revenue, both taxes and revenue, or in another manner.
(3) “Public security authorization” means an action or proceeding by an issuer taken, made, or proposed to be taken or made in connection with or affecting a public security.