Section 53.02 - Definitions In this chapter:
(1) "City" means an incorporated city or town in this state.(2) "Governing body" means the council, commission, or other governing body of a city.(3) "Authority" means a higher education facility authority created under this chapter.(4) "Board" means the board of directors of an authority.(5) "Institution of higher education" means any institution of higher education as defined by Subdivision (8) of Section 61.003.(6) "Educational facility" means a classroom building, laboratory, science building, faculty or administrative office building, or other facility used exclusively for the conduct of the educational and administrative functions of an institution of higher education.(7) "Housing facility" means a single- or multi-family residence used exclusively for housing or boarding, or housing and boarding students, faculty, or staff members of an institution of higher learning. The term includes infirmary and student union building, but does not include a housing or boarding facility for the use of a fraternity, sorority, or private club.(8) "Bond resolution" means the resolution authorizing the issuance of revenue bonds.(9) "Trust indenture" means the mortgage, deed of trust, or other instrument pledging revenue or property, or creating a mortgage lien on property, or both, to secure the revenue bonds issued by the authority.(10) "Authorized charter school" means an open-enrollment charter school that holds a charter granted under Subchapter D, Chapter 12, and includes an open-enrollment charter school designated as a charter district as provided by Section 12.135.(11) "Borrower" means any of the following entities that is the recipient of a loan made under Section 53.34:(A) an institution of higher education;(B) a nonprofit corporation:(i) incorporated by and under the exclusive control of an institution of higher education; or(ii) incorporated and operating for the exclusive benefit of an institution of higher education and authorized by the governing board of the institution to enter into a transaction as a borrower under this chapter; or(C) an accredited or authorized charter school.Amended by Acts 2011, 82nd Leg., 1st C.S., Ch. 4, Sec. 59.19, eff. 9/28/2011.