Texas Special District Local Laws Code Chapter 1095 > Subchapter E – Bonds
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Terms Used In Texas Special District Local Laws Code Chapter 1095 > Subchapter E - Bonds
- 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.
- 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.
- Year: means 12 consecutive months. See Texas Government Code 311.005