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Texas Parks and Wildlife Code

§ 21.110 — INVESTMENT OF FUNDS

PW § 21.110Title 3. PARKS · Ch. 21. TEXAS PARK DEVELOPMENT FUND · Art. B. FUNDING PROVISIONS

Statute text

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(a)The department may invest the development fund and, in making the investments, is governed by the provisions of Chapter 401, Acts of the 60th Legislature, Regular Session, 1967.
(b)The department may invest the interest and sinking fund only in direct obligations of the United States or in obligations the principal and interest of which are guaranteed by the United States.

Legislative history

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

Source: Texas Parks and Wildlife Code § 21.110 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.