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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.
Cite this article: FindLaw.com - Texas Parks and Wildlife Code - PARKS & WILD § 21.105. Interest and Sinking Fund - last updated April 14, 2021 | https://codes.findlaw.com/tx/parks-and-wildlife-code/parks-wild-sect-21-105.html
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