§ 54.101 Definition
§ 54.102 Authority of Municipality to Issue Obligations
§ 54.103 Election
§ 54.104 Authority of Board to Issue Obligations
§ 54.105 Limitation On Aggregate Amount of Expense Warrants
§ 54.106 Maturity of Obligation
§ 54.107 Signatures
§ 54.108 Sale of Obligations
§ 54.109 Contents of Ordinance or Resolution Authorizing Issuance of Obligations Payable From Revenue
§ 54.110 Review and Approval of Contracts Relating to Revenue Obligations
§ 54.111 Security for and Payment of Obligations Payable From Revenue
§ 54.112 Use of Certain Proceeds
§ 54.113 Lease or Sale of Port Improvements and Facilities
§ 54.114 Encumbrance of Port Improvements or Facilities Financed by Obligations Payable From Ad Valorem Taxes
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Terms Used In Texas Transportation Code Chapter 54 > Subchapter C - Obligations

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
  • United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
  • Year: means 12 consecutive months. See Texas Government Code 311.005