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Terms Used In Texas Transportation Code 201.961

  • 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.

In this subchapter:
(1) “Committee” means the cash management committee described in § 404.122, Government Code.
(2) “Credit agreement” has the meaning assigned by § 1208.001, Government Code.
(3) “Notes” means tax and revenue anticipation notes issued under this subchapter. The term includes any obligation under a credit agreement.