Texas Transportation Code 201.941 – Definitions
Terms Used In Texas Transportation Code 201.941
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- 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.
In this subchapter:
(1) “Comptroller’s certification” means:
(A) as to long-term obligations, the certification made under § 201.943(e); and
(B) as to short-term obligations, the certification made under § 201.943(f).
(2) “Credit agreement” has the meaning assigned by § 1371.001, Government Code.
(3) “Fund” means the Texas Mobility Fund.
(4) “Long-term obligations” means an issue or series of obligations the latest scheduled maturity of which is more than five years.
(5) “Maximum obligation amount” means the maximum aggregate principal amount of long-term obligations and short-term obligations that the commission may issue from time to time after receipt of the applicable comptroller‘s certification.
(6) “Obligations” means bonds, notes, and other public securities.
(7) “Short-term obligations” means an issue or series of obligations the latest scheduled maturity of which is five years or less.