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Texas Local Government Code

§ 107.006 — OBLIGATION AS REFINANCING

LG § 107.006Title 4. FINANCES · Part A. MUNICIPAL FINANCES · Ch. 107. OBLIGATIONS FOR CERTAIN LIABILITIES TO PUBLIC PENSION FUNDS OF A MUNICIPALITY

Statute text

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An obligation issued under Section 107.003 is a complete or partial refinancing of a commitment of the municipality to fund its unfunded liability.

Legislative history

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

Source: Texas Local Government Code § 107.006 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.