2023 Texas Statutes › Local Government Code › Title 8 - Acquisition, Sale, or Lease of Property › Subtitle C - Acquisition, Sale, or Lease Provisions Applying to More Than One Type of Local Government › Chapter 271 - Purchasing and Contracting Authority of Municipalities, Counties, and Certain Other Local Governments › Subchapter C. Certificate of Obligation Act › Section 271.043. Definitions

Sec. 271.043.  DEFINITIONS.  In this subchapter:
(1)  "Bond funds" means money received from the sale of bonds by the issuer.
(2)  "Certificate" means a certificate of obligation authorized to be issued under this subchapter.
(3)  "Component purchases" means purchases of the component parts of an item that in normal purchasing practices would be purchased in one purchase.
(4)  "Contractual obligation" means a contract entered into by an issuer through its governing body and executed under Section 271.054 or 271.056.
(5)  "Current funds" means money in the treasury of the issuer, taxes in the process of collection during the current budget year of the issuer, and all other revenues anticipated with reasonable certainty during the current budget year of the issuer.
(6)  "Governing body" means the board, council, commission, court, or other body or group authorized to issue bonds for or on behalf of an issuer.
(7)  "Issuer" means a municipality, county, or hospital district established under Chapter 281, Health and Safety Code.
(7-a)  "Public work" for an issuer that is a municipality or county:
(A)  means any of the following public improvements as authorized by law:
(i)  a street, road, highway, bridge, sidewalk,  or parking structure;
(ii)  a landfill;
(iii)  an airport;
(iv)  a utility system, water supply project, water treatment plant, wastewater treatment plant, or water or wastewater conveyance facility;
(v)  a wharf or dock;
(vi)  a flood control and drainage project;
(vii)  a public safety facility, including a police station, fire station, emergency shelter, jail, or juvenile detention facility;
(viii)  a judicial facility;
(ix)  an administrative office building housing the governmental functions of the municipality or county;
(x)  an animal shelter;
(xi)  a library; or
(xii)  a park or recreation facility that is generally accessible to the public and is part of the municipal or county park system;
(B)  means the rehabilitation, expansion, reconstruction, or maintenance of an existing stadium, arena, civic center, convention center, or coliseum that is owned and operated by the municipality or county or by an entity created to act on behalf of the municipality or county; and
(C)  does not include:
(i)  a facility for which more than 50 percent of the average annual usage is or is intended to be for professional or semi-professional sports;
(ii)  a new stadium, arena, civic center, convention center, or coliseum that is or is intended to be leased by a single for-profit tenant for more than 180 days in a single calendar year; or
(iii)  a hotel.
(8)  "Separate purchases" means purchases, made separately, of items that in normal purchasing practices would be purchased in one purchase.
(9)  "Sequential purchases" means purchases, made over a period, of items that in normal purchasing practices would be purchased in one purchase.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 1989, 71st Leg., ch. 1250, Sec. 17, eff. Sept. 1, 1989;  Acts 2003, 78th Leg., ch. 47, Sec. 5, eff. Sept. 1, 2003.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 1126 (H.B. 4082), Sec. 2, eff. September 1, 2023.