Texas Special District Local Laws Code Chapter 1118 > Subchapter E – Bonds
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Terms Used In Texas Special District Local Laws Code Chapter 1118 > Subchapter E - Bonds
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- 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
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Week: means seven consecutive days. See Texas Government Code 311.005