Texas Water Code 17.852 – Definitions
Terms Used In Texas Water Code 17.852
- 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.
In this subchapter:
(1) “Acquired obligations” means obligations of participants acquired under this subchapter.
(2) “Acquired obligations resolution” means the resolution, order, ordinance, or similar instrument duly adopted or passed by the governing body of a participant providing for payments of principal and interest to be made by the participant to the board and includes sufficient money to pay the principal of, premium on, if any, and interest on the acquired obligations and to maintain the funds established or required to be established by the acquired obligations resolution.
(3) “Fund” means the Texas water resources fund.
(4) “Participant” means a political subdivision or agency of the state or a nonprofit corporation organized pursuant to Chapter 67, that is authorized to finance projects.
(5) “Project” includes water supply projects, treatment works, and flood projects, as defined by § 15.531 or 16.451.