Texas Local Government Code

Sec. § 271.091
Definitions


In this subchapter:

(1)

“Local government” means a municipality, county, or hospital district of the State of Texas.

(2)

“Payment” means the local sales and use tax authorized by the Municipal Sales and Use Tax Act (Chapter 321 (Municipal Sales and Use Tax Act), Tax Code), the County Sales and Use Tax Act (Chapter 323 (County Sales and Use Tax Act), Tax Code), and Subchapter E, Chapter 285 (Special Provisions Relating to Hospital Districts), Health and Safety Code.

(3)

“Paying agent” means the financial institution that is designated by a local government as its agent for the payment of the principal of and interest on the obligation.

(4)

“Obligation” means bonds, notes, certificates of obligation, and other obligations authorized to be issued by the local government.

(5)

“Agreement” means the document referred to in Section 271.092 (Agreement With Texas Bond Review Board and Comptroller) and Section 271.093 (Form of Agreement; Conditions).

(6)

“Board” means the Bond Review Board.

(7)

“Comptroller” means the comptroller of public accounts.
Added by Acts 1993, 73rd Leg., ch. 827, Sec. 1, eff. Aug. 30, 1993. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.299, eff. Sept. 1, 2001.
Source

Last accessed
Jun. 7, 2021