The following words and terms, when used in this chapter, shall have the following meanings, unless the context clearly indicates otherwise.

1. (1) Board--The bond review board, created by Acts of the 70th Legislature, 1987, particularly Senate Bill 1027.

2. (2) State bond--

   1. (A) A bond or other obligation issued by:

      1. (i) a state agency;
      2. (ii) an entity expressly created by statute and having statewide jurisdiction; or
      3. (iii) any other entity issuing a bond or other obligation on behalf of the state or on behalf of any entity listed in clause (i) or (ii) of this subparagraph; or
   2. (B) an installment sale or lease purchase obligation issued by or on behalf of an entity listed in clause (i), (ii), or (iii) of this subparagraph that has a stated term of longer than five years or has an initial principal amount of greater than $250,000.

Source Note:The provisions of this §181.1 adopted to be effective August 10, 1988, 13 TexReg 3755.