Texas Government Code 1473.131 – Definitions
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Terms Used In Texas Government Code 1473.131
- Deed: The legal instrument used to transfer title in real property from one person to another.
- 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.
- Property: means real and personal property. See Texas Government Code 311.005
In this subchapter:
(1) “Bond order” means an order authorizing the issuance of bonds under this subchapter.
(2) “Parking facility” means:
(A) a lot, area, or structure used primarily to park motor vehicles;
(B) the site for the lot, area, or structure; and
(C) equipment used in connection with the maintenance and operation of the lot, area, or structure.
(3) “Trust indenture” means an instrument, including a mortgage or deed of trust, that secures bonds issued under this subchapter by:
(A) a pledge of revenue; or
(B) a pledge of revenue and a mortgage lien on property.