34 Tex. Admin. Code § 10.1 - Definitions
The following phrases, words and terms, when used in this subchapter shall have the following meanings, unless the context clearly indicates otherwise.
(1) Affidavit of
financial dormancy--The affidavit described by Water Code, §
49.197, that may be
submitted by a district under §
10.5 of this title (relating to
Alternative Form of Financial Information for Report; Alternative Reporting
Option Available for Certain Types of Districts) when the district has less
than $500 in receipts or disbursements during the calendar year, no bonds or
long-term liabilities outstanding during the calendar year, and no cash or
investments exceeding $5,000 in a calendar year, or when the district is
otherwise considered a financially dormant district in accordance with the
requirements of Water Code, Chapter 49, Subchapter G.
(2) Authorized--With respect to a public
security, authorized means allowed or directed by a resolution, order, or
ordinance that is approved or adopted in a proceeding by the governing body of
an issuer in authorizing the issuance of a public security.
(3) Combined principal and interest required
to pay all outstanding debt obligations on time and in full--Total amount
borrowed (par) that has yet to be repaid plus the cost of interest.
(4) Combined principal and interest required
to pay all outstanding debt obligations secured by ad valorem taxation on time
and in full--Total amount borrowed (par) of all property tax-secured
obligations that has yet to be repaid plus the cost of interest.
(5) Combined principal and interest required
to pay all outstanding debt obligations secured by ad valorem taxation on time
and in full as a per capita amount--Total debt obligations secured by a pledge
of property taxes plus the cost of debt service on these obligations divided by
the population of the political subdivision.
(6) Combined principal and interest required
to pay each outstanding debt obligations on time and in full--Total amount
borrowed (par) plus the cost of interest for each individual debt obligation or
bond series.
(7) Current credit
rating--Existing rating given by any nationally recognized credit rating
organization to debt obligations.
(8) Final maturity date--Final payment date
of individual debt obligation at which point all principal and interest will be
paid off.
(9) Issuance or
issued--The process of authorizing, selling, and delivering public
debt.
(10) Official stated purpose
for which a debt obligation was authorized--The reason for the debt issuance as
described in ballot language if applicable or the official statement.
(11) Outstanding debt obligation--An issued
public security that has yet to be repaid.
(12) Outstanding principal--Total amount
borrowed that has yet to be repaid.
(13) Political subdivision--A county,
municipality, school district, junior college district, other special district,
or other subdivision of state government subject to the reporting requirements
set forth under Local Government Code, §
140.008. The
term does not include a special purpose district described by Government Code,
§
403.0241(b).
(14) Principal issued--The total amount
borrowed.
(15) Proceeds spent--The
portion of total proceeds received that have been spent.
(16) Proceeds unspent--The portion of total
proceeds received that are remaining to be spent.
(17) Secured in any way by ad valorem
taxes--Indicates which individual debt obligations are in part or entirely
pledged with property taxes.
(18)
Total authorized debt obligations--Debt obligations are defined as public
securities which are instruments, including bonds, certificates, notes, or
other types of obligations authorized to be issued by an issuer under a
statute, a municipal home-rule charter, or the constitution of this
state.
(19) Total authorized debt
obligations secured by ad valorem taxation--Total debt obligations secured by a
pledge of property taxes.
(20)
Total authorized debt obligations secured by ad valorem taxation expressed as a
per capita amount--Total authorized debt obligations secured by a pledge of
property taxes divided by the population of the political
subdivision.
(21) Total principal
of all outstanding debt obligations--Total amount borrowed (par) of all
obligations that have yet to be repaid.
(22) Total principal of all outstanding debt
obligations secured by ad valorem taxation--Total amount borrowed (par) of
obligations secured by a pledge of property taxes that have yet to be
repaid.
(23) Total principal of
outstanding debt obligations secured by ad valorem taxation as a per capita
amount--Total amount borrowed (par) secured by a pledge of property taxes
divided by the population of the political subdivision.
(24) Total proceeds received--Total assets
received from the sale of a new issue of public securities.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.