Sec. 107.001. DEFINITIONS. In this chapter:
(1) "Obligation" includes a bond, certificate, note, or book entry obligation.
(2) "Unfunded liability" means an unfunded, accrued liability of a municipality to a public pension fund as determined by actuarial analysis.
Added by Acts 2003, 78th Leg., ch. 1271, Sec. 1, eff. Sept. 1, 2003.
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