81st Texas Legislature, Regular Session, Senate Bill 1540, Chapter 85 Page: 46 of 126
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ri; V :
'- i' 1
1 (E)i l n e!
2 a (F) interest-bearing leases of property;
3 (G) equipment trust certificates;
4 (H) commercial paper; and
5 (I) any obligation issued to refund any type of
7 (3) "Director" means a board member.
8 (4) "District" means a rural rail transportation
9 district created under this chapter or under Chapter 623, Acts of
10 the 67th Legslature, Regular Session, 1981 (Article 6550c,
11 V riOn's Texas Civil Statutes), as that chapter existed before
12 April1, 2011.
13 (5) "Maintenance facility" includes a workshop, a
14servce, storage, security, or personnel facility, temporary or
15 transient lodging for district employees, and equipment for any
16 t peof facility.
17 . (6) "Maintenance and operating expenses" means all
18 expenses of operating and maintaining a district and its rail
19 facilities, including:
20 (A) all compensation, labor, materials, repairs,
21 anI extension s necessary, required, or convenient in the board's
22 discre ion to render effi ient service or to maintain and operate
23 te di trict; and
24 (B) taxes or other amounts paid, payable, or to
25 be pai to the United States under Section 148(f), Internal Revenue
26 Code . }986, or any similar law.
27 l (7) "Rail facilities" means:
S.B. No. 1540
i t rest-bearing contracts;
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Texas. Legislature. Senate. 81st Texas Legislature, Regular Session, Senate Bill 1540, Chapter 85, legislative document, May 20, 2009; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth310917/m1/46/: accessed December 13, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.