Tex. Loc. Gov't Code § 271.091 · Subchapter E. STATE INTERCEPT TO INCREASE CREDIT RATING
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this subchapter:
(1) "Local government" means a municipality, county, or hospital district of the State of Texas.
(2) "Payment" means the local sales and use tax authorized by the Municipal Sales and Use Tax Act (Chapter 321, Tax Code), the County Sales and Use Tax Act (Chapter 323, Tax Code), and Subchapter E, Chapter 285, Health and Safety Code.
(3) "Paying agent" means the financial institution that is designated by a local government as its agent for the payment of the principal of and interest on the obligation.
(4) "Obligation" means bonds, notes, certificates of obligation, and other obligations authorized to be issued by the local government.
(5) "Agreement" means the document referred to in Section 271.092 and Section 271.093.
(6) "Board" means the Bond Review Board.
(7) "Comptroller" means the comptroller of public accounts.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 827, Sec. 1, eff. Aug. 30, 1993. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.299, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.271.htm
- Text hash
- sha256 8b8e3099b0f25444521f1cd44a1a226c9fab02d711c336e4baa36fda3ea24d79
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Health and Safety Code
Local Government Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.