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
DEFINITIONS
Added by Acts 2003, 78th Leg., ch. 1271, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.