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Texas Parks and Wildlife Code - PARKS & WILD § 21.105. Interest and Sinking Fund

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Parks and Wildlife Code - PARKS & WILD § 21.105. Interest and Sinking Fund - last updated January 01, 2024 | https://codes.findlaw.com/tx/parks-and-wildlife-code/parks-wild-sect-21-105/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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