Definitions

Sec. 1208.001. DEFINITIONS. In this chapter: (1) "Credit agreement" means any agreement authorized by a governing body of an issuer in connection with or related to the authorization, issuance, sale, resale, security, exchange, payment, purchase, remarketing, or redemption of a public security, interest on a public security, or both. The term includes any agreement relating to public securities that is defined or described in state law as a "credit agreement" or a "bond enhancement agreement." (2) "Issuer" and "public security" have the meanings assigned by Section 1202.001. (3) "Security agreement" means a resolution, order, ordinance, or agreement that creates a security interest with respect to a public security or a credit agreement. (4) "Security interest" means a pledge of, lien on, or other interest in taxes, revenue, receipts, funds, or other personal property or fixtures that secures payment or performance of public securities or a credit agreement. Added by Acts 2001, 77th Leg., ch. 24, Sec. 1, eff. July 1, 2001.