Terms Used In Texas Special District Local Laws Code Chapter 8157 - Harris County Municipal Utility District

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
• 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}
• Property: means real and personal property. See Texas Government Code 311.005
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005