Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Texas Special District Local Laws Code 8501.254

  • 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.

An obligation issued under this chapter shall be sold at the time determined by the board to be expedient and necessary to the interest of the authority.