Section 1231.001 - Definitions 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:(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.Tex. Gov't. Code § 1231.001
Amended By Acts 2011, 82nd Leg., R.S., Ch. 1049, Sec. 1.05, eff. 6/17/2011.Amended By Acts 2007, 80th Leg., R.S., Ch. 991, Sec. 2, eff. 9/1/2007.Amended By Acts 2007, 80th Leg., R.S., Ch. 991, Sec. 3, eff. 9/1/2007.Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.