Texas Government Code 1232.003 – Definitions
Terms Used In Texas Government Code 1232.003
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Personal property: All property that is not real property.
In this chapter:
(1) “Authority” means the Texas Public Finance Authority.
(2) “Board” means the board of directors of the authority.
(3) “Building” means:
(A) a structure used by a state agency to conduct state business; and
(B) the major equipment or personal property related functionally to a structure used by a state agency to conduct state business.
(4) “Commission” means the Texas Facilities Commission.
(5) “Computer equipment” means a telecommunications device or system, an automated information system, a computer on which an information system is automated, and computer software.
(6) “Construction” means the erection, improvement, repair, renovation, or remodeling of a building.
(7) “Equipment” means a fixed asset, other than land or a building, used by a state agency to conduct state business. The term includes computer equipment.
(8) “Obligation” means a bond, note, certificate of participation, certificate of obligation, or interest in a contract.
(9) “State agency” means a board, commission, department, office, agency, institution of higher education, or other governmental entity in the executive, judicial, or legislative branch of state government.