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Texas Government Code - GOV'T § 1231.001. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

In this chapter:

(1) “Board” means the Bond Review Board.

(1-a) “Interest rate management agreement” means an agreement that provides for an interest rate transaction, including a swap, basis, forward, option, cap, collar, floor, lock, or hedge transaction, for a transaction similar to those types of transactions, or for a combination of any of those types of transactions.  The term includes:

(A) a master agreement that provides standard terms for transactions;

(B) an agreement to transfer collateral as security for transactions; and

(C) a confirmation of transactions.

(2) “State security” means:

(A) an obligation, including a bond, issued by:

(i) a state agency;

(ii) an entity that is expressly created by statute and has statewide jurisdiction;  or

(iii) an entity issuing the obligation on behalf of this state or on behalf of an entity described by Subparagraph (i) or (ii);

(B) an installment sale or lease-purchase obligation that is issued by or on behalf of an entity described by Paragraph (A) and that has:

(i) a stated term of more than five years;  or

(ii) an initial principal amount of more than $250,000;  or

(C) an obligation, including a bond, that is issued under Chapter 53, Education Code, at the request of or for the benefit of an institution of higher education other than a public junior college.

(3) “Institution of higher education” has the meaning assigned by Section 61.003, Education Code.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1231.001. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1231-001/

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