DecisionDepot
California legal research

Texas Local Government Code

§ 107.001 — DEFINITIONS

LG § 107.001Title 4. FINANCES · Part A. MUNICIPAL FINANCES · Ch. 107. OBLIGATIONS FOR CERTAIN LIABILITIES TO PUBLIC PENSION FUNDS OF A MUNICIPALITY

Statute text

View on source
In this chapter:
(1)"Obligation" includes a bond, certificate, note, or book entry obligation.
(2)"Unfunded liability" means an unfunded, accrued liability of a municipality to a public pension fund as determined by actuarial analysis.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1271, Sec. 1, eff. Sept. 1, 2003.

Source: Texas Local Government Code § 107.001 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.