Terms Used In Texas Special District Local Laws Code Chapter 1120 > Subchapter D - General Financial Provisions

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• sworn: includes affirm or affirmed. See Texas Government Code 312.011
• Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005