Texas Agriculture Code 59.001 – Definitions
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Terms Used In Texas Agriculture Code 59.001
- 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.
In this chapter:
(1) “Authority” means the Texas Agricultural Finance Authority created by Chapter 58 of this code.
(2) “Board” means the board of directors of the authority.
(3) “Bond” means a general obligation bond, certificate, note, or other obligation issued or incurred by the authority under this chapter as provided by Article III, Section 49-f, of the Texas Constitution.
(4) “Commissioner” means the commissioner of agriculture.
(5) “Fund” means the farm and ranch finance program fund.
(6) “Program” means the farm and ranch finance program.