§ 224.061 Definitions
§ 224.062 Authority to Contract
§ 224.063 Sufficiency of Funds
§ 224.064 Terms and Conditions
§ 224.065 Construction Management Services
§ 224.066 Additional Powers

Terms Used In Texas Transportation Code Chapter 224 > Subchapter C

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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.
  • Year: means 12 consecutive months. See Texas Government Code 311.005