§ 107.001 Definitions
§ 107.002 Definition of “Public Pension Fund
§ 107.003 Pension Fund Obligations Authorized
§ 107.0036 Voter Approval Required for Certain Pension Fund Obligations
§ 107.004 Proceeds of Obligations Issued
§ 107.005 Payment of Obligations
§ 107.006 Obligation as Refinancing
§ 107.007 Sale of Obligations; Maturity
§ 107.008 Additional Authority; Credit Agreements
§ 107.009 Chapter Controlling

Terms Used In Texas Local Government Code Chapter 107 - Obligations for Certain Liabilities to Public Pension Funds of a Municipality

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Fiduciary: A trustee, executor, or administrator.
  • Fraud: Intentional deception resulting in injury to another.
  • Month: means a calendar month. See Texas Government Code 312.011
  • Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
  • 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.
  • Year: means 12 consecutive months. See Texas Government Code 311.005