Texas Government Code - GOV'T § 1204.001. Definitions

(1) “Floating rate public security” means a public security or a portion of a public security that bears a rate of interest determined in accordance with a clearly stated formula, computation, or method, under which the net interest cost of the security or portion at any future date cannot be determined on the date of delivery of the security or portion.

(2) “Public agency” means:

(3) “Public security” means a bond, note, or other obligation that a public agency is authorized to issue.