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Texas Parks and Wildlife Code

§ 22.031 — ADDITIONAL SECURITY FOR BONDS

PW § 22.031Title 3. PARKS · Ch. 22. STATE PARKS · Art. C. PALO DURO CANYON STATE PARK

Statute text

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(a)If, after reasonable effort, the department is unable to sell the bonds, the bonds may be additionally secured by a deed of trust lien on the land and property comprising the park, or any part of it, after the department has obtained written approval of the governor.
(b)The governor may not give his approval under this section until he has obtained the advice and consent of the Legislative Budget Board.

Legislative history

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

Source: Texas Parks and Wildlife Code § 22.031 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.