§ 3887.151 General Powers Regarding Financial Matters
§ 3887.152 Borrowing Money
§ 3887.153 Impact Fees and Assessments; Exemption
§ 3887.154 Residential Property Not Exempt
§ 3887.155 Maintenance and Operation Tax; Election
§ 3887.156 Use of Surplus Maintenance and Operation Money
§ 3887.157 Bonds and Other Obligations; Municipal Approval
§ 3887.158 Bond Maturity
§ 3887.159 Taxes for Bonds and Other Obligations
§ 3887.160 Development and Operating Agreement Required to Undertake Improvement Projects, Impose Taxes or Assessments, and Borrow Money, Including Bonds

Terms Used In Texas Special District Local Laws Code Chapter 3887 > Subchapter D - General Financial Provisions

  • Contract: A legal written agreement that becomes binding when signed.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Property: means real and personal property. See Texas Government Code 311.005
  • Year: means 12 consecutive months. See Texas Government Code 311.005