DEFINITIONS.

Tex. LOC. GOV'T Code § 107.001.
in effect
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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.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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