Texas Local Government Code 293.002 – Definitions
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Terms Used In Texas Local Government Code 293.002
- 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 chapter:
(1) “Authority” means a county building authority created under this chapter.
(2) “Bond resolution” means a resolution of a board authorizing the issuance of bonds.
(3) “Board” means the board of directors of an authority.
(4) “Project” means the property acquired and building constructed by an authority.
(5) “Trust indenture” means an instrument pledging revenue of property or creating a mortgage lien on property to secure bonds issued under this chapter.