Texas Special District Local Laws Code Chapter 3952 > Subchapter E – Contracts
Current as of: 2024 | Check for updates
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Other versions
§ 3952.201 | General Contract Powers |
§ 3952.202 | Contract Terms |
§ 3952.203 | Reimbursement of Costs |
§ 3952.204 | Contract for Improvement Project |
§ 3952.205 | No Further Contract Authorization Required |
Terms Used In Texas Special District Local Laws Code Chapter 3952 > Subchapter E - 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