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.
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