Texas Parks and Wildlife Code 21.105 – Interest and Sinking Fund
Current as of: 2024 | Check for updates
|
Other versions
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.