§ 3911.201 General Contract Powers
§ 3911.202 Contract Terms
§ 3911.203 Reimbursement of Costs
§ 3911.204 Contract for Improvement Project
§ 3911.205 No Further Contract Authorization Required
§ 3911.206 City Approval of Certain Contracts

Terms Used In Texas Special District Local Laws Code Chapter 3911 > Subchapter C-2 - Contracts

  • Bequest: Property gifted by will.
  • Contract: A legal written agreement that becomes binding when signed.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). 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.
  • 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
  • Year: means 12 consecutive months. See Texas Government Code 311.005