Texas Special District Local Laws Code Chapter 1121 > Subchapter C – Powers and Duties
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Terms Used In Texas Special District Local Laws Code Chapter 1121 > Subchapter C - Powers and Duties
- Donor: The person who makes a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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