Tex. Parks & Wild. Code Section 21.105
Interest and Sinking Fund


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

Source: Section 21.105 — Interest and Sinking Fund, https://statutes.­capitol.­texas.­gov/Docs/PW/htm/PW.­21.­htm#21.­105 (accessed May 4, 2024).

Accessed:
May 4, 2024

§ 21.105’s source at texas​.gov