INTEREST AND SINKING FUND

Parks and Wildlife Code

Section: 21.105

Jurisdiction: TX

Bluebook Citation: Tex. Parks & Wild. Code § 21.105

Sec. 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.

Chat with this statute using AI

Ask CiteLaw's AI Navigator anything about this statute, verify citations, and research related authorities. Sign up for CiteLaw free today to get started.