Texas Parks and Wildlife Code 22.025 – Interest On Bonds
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Terms Used In Texas Parks and Wildlife Code 22.025
- Year: means 12 consecutive months. See Texas Government Code 311.005
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.