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Texas Parks and Wildlife Code

§ 22.025 — INTEREST ON BONDS

PW § 22.025Title 3. PARKS · Ch. 22. STATE PARKS · Art. C. PALO DURO CANYON STATE PARK

Statute text

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Interest on the bonds may not exceed six percent per year, computed with relation to the absolute maturity of the bonds in accordance with standard bond interest tables currently in use by insurance companies and investment houses, excluding from the computation the amount of any premium to be paid on redemption of any bonds prior to maturity.

Legislative history

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

Source: Texas Parks and Wildlife Code § 22.025 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.