Texas Health and Safety Code 281.106 – Authority to Issue Certificates of Obligation
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Terms Used In Texas Health and Safety Code 281.106
- 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.
With the approval of the commissioners court, the board may issue certificates of obligation in accordance with Subchapter C, Chapter 271, Local Government Code, for district purposes as authorized by this chapter.