Sec. 201.941. DEFINITIONS. In this subchapter:
(1) "Comptroller's certification" means:
(A) as to long-term obligations, the certification made under Section 201.943(e); and
(B) as to short-term obligations, the certification made under Section 201.943(f).
(2) "Credit agreement" has the meaning assigned by Section 1371.001, Government Code.
(3) "Fund" means the Texas Mobility Fund.
(4) "Long-term obligations" means an issue or series of obligations the latest scheduled maturity of which is more than five years.
(5) "Maximum obligation amount" means the maximum aggregate principal amount of long-term obligations and short-term obligations that the commission may issue from time to time after receipt of the applicable comptroller's certification.
(6) "Obligations" means bonds, notes, and other public securities.
(7) "Short-term obligations" means an issue or series of obligations the latest scheduled maturity of which is five years or less.
Added by Acts 2001, 77th Leg., ch. 1213, Sec. 1, eff. Nov. 6, 2001.
Section: Previous 201.909 201.910 201.911 201.931 201.932 201.933 201.934 201.941 201.942 201.943 201.944 201.945 201.946 201.947 201.961 NextLast modified: September 28, 2016