Terms Used In Texas Government Code 653.010

  • 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.

The attorney general, on notice by an agency of a loss covered by a bond under this chapter, may:
(1) immediately bring or cause to be brought an action to recover the loss; and
(2) take any action necessary for recovery of the obligation of the surety.

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