Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 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.
Tex. Loc. Gov't. Code § 107.001
Added by Acts 2003, 78th Leg., ch. 1271, Sec. 1, eff. 9/1/2003.