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 under Chapter 1078, Acts of the 70th Legislature, Regular Session, 1987 codified as Chapter 1231, Government Code.

2. (2) State security--

   1. (A) an obligation, including a bond, 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 clauses (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.
   3. (C) References in these rules to a board member include the person designated to act on their behalf, except as noted in §181.4(b) of this title (relating to Meetings).

Source Note:The provisions of this §181.1 adopted to be effective August 10, 1988, 13 TexReg 3755; amended to be effective February 27, 2002, 27 TexReg 1335.