Texas Local Government Code Title 4, Chapter 107 - Obligations For Certain Liabilities To Public Pension Funds Of A Municipality
Texas Section 107.001 - Definitions
In this chapter: (1) "Obligation" includes a bond, certificate, note, or book entry obligation. (2) "Unfunded liability" means an unfunded, accrued liability of a municipality...
Texas Section 107.002 - Definition Of "Public Pension Fund
Sec. 107.002. DEFINITION OF "PUBLIC PENSION FUND." In this chapter, "public pension fund": (1) means a continuing, organized program or plan of service retirement, disability...
Texas Section 107.004 - Proceeds Of Obligations Issued
The municipality shall deposit the net proceeds of obligations issued under Section 107.003 to the credit of the public pension fund. The amount deposited under...
Texas Section 107.005 - Payment Of Obligations
An obligation issued under Section 107.003 may be made payable by the municipality from: (1) the fund from which compensation is paid to its officers...
Texas Section 107.006 - Obligation As Refinancing
An obligation issued under Section 107.003 is a complete or partial refinancing of a commitment of the municipality to fund its unfunded liability. Added by...
Texas Section 107.009 - Chapter Controlling
This chapter prevails over any conflict between this chapter and: (1) another law respecting the issuance of obligations of a municipality; or (2) a municipal...