Sections
Subchapter A General Provisions 1070.001 – 1070.007
Subchapter B District Administration 1070.051 – 1070.066
Subchapter C Powers and Duties 1070.101 – 1070.117
Subchapter D Change in Boundaries 1070.151 – 1070.157
Subchapter E General Financial Provisions 1070.201 – 1070.211
Subchapter F Bonds 1070.251 – 1070.259
Subchapter G Taxes 1070.301 – 1070.304

Terms Used In Texas Special District Local Laws Code Chapter 1070 - Hansford County Hospital District

  • Executive session: A portion of the Senate's daily session in which it considers executive business.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Personal property: All property that is not real property.
  • Quorum: The number of legislators that must be present to do business.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Trustee: A person or institution holding and administering property in trust.