Texas Special District Local Laws Code 3831.159 – Liabilities
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Terms Used In Texas Special District Local Laws Code 3831.159
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
The district may incur liabilities, including a liability incurred by:
(1) borrowing money on terms the board determines; and
(2) issuing obligations under § 3831.160.