Texas Special District Local Laws Code Chapter 9051 – Jefferson County Water Control and Improvement District No. 10
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Terms Used In Texas Special District Local Laws Code Chapter 9051 - Jefferson County Water Control and Improvement District No. 10
- 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
- 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
- Quorum: The number of legislators that must be present to do business.
- Succeeding: means immediately following. See Texas Government Code 312.011
- Week: means seven consecutive days. See Texas Government Code 311.005