Texas Special District Local Laws Code 3846.251 – Definitions
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Terms Used In Texas Special District Local Laws Code 3846.251
- 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 subchapter:
(1) “Governing body” means the board of directors of a development zone.
(2) “Project” means the development or construction of a building, structure, facility, or other improvement on a parcel or tract in a development zone, or an expansion, enlargement, replacement, or relocation of a building, structure, facility, or other improvement in a development zone. The term includes a contractual obligation to reimburse a developer for money spent by the developer in the construction, development, expansion, enlargement, replacement, or relocation of a building, structure, facility, or other improvement in a development zone.