Tex. Transp. Code § 201.941 · Subchapter M. OBLIGATIONS FOR CERTAIN HIGHWAY AND MOBILITY PROJECTS
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this subchapter:
(1) "Comptroller's certification" means:
(A) as to long-term obligations, the certification made under Section 201.943(e); and
(B) as to short-term obligations, the certification made under Section 201.943(f).
(2) "Credit agreement" has the meaning assigned by Section 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.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1213, Sec. 1, eff. Nov. 6, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.201.htm
- Text hash
- sha256 37ef9dcaa5d3022f5c6627541cd8103d2581285f0e014d9d165a6d46afe56e4f
- 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
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