Texas Special District Local Laws Code 1063.210 – Certificates of Obligation
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(a) The district may issue and sell certificates of obligation for a purpose permitted under this chapter.
(b) The certificates of obligation must be issued and sold in conformity with and in the manner specified for a municipality or county by Subchapter C, Chapter 271, Local Government Code.
Terms Used In Texas Special District Local Laws Code 1063.210
- 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.