Texas Parks and Wildlife Code

§ 21.105 — INTEREST AND SINKING FUND

PW § 21.105Title 3. PARKS · Ch. 21. TEXAS PARK DEVELOPMENT FUND · Art. B. FUNDING PROVISIONS

The Texas park development bonds interest and sinking fund, referred to as the "interest and sinking fund," is created to be used exclusively for:

(1)paying the principal of Texas Park Development Bonds as they mature;

(2)paying the interest on the bonds as it comes due; and

(3)paying exchange and collection charges in connection with the bonds.

Legislative history

Acts 1975, 64th Leg., p. 1405, ch. 545, Sec. 1, eff. Sept. 1, 1975.