Sec. 1251.051. DEFINITIONS. In this subchapter:
(1) "Debt obligation" means a public security, as defined by Section 1201.002, secured by and payable from ad valorem taxes. The term does not include public securities that are designated as self-supporting by the political subdivision issuing the securities.
(2) "Political subdivision" means a municipality, county, school district, or special taxing district.
Added by Acts 2019, 86th Leg., R.S., Ch. 505 (S.B. 30), Sec. 4, eff. September 1, 2019.
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