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.
Structure Texas Statutes
Chapter 21 - Texas Park Development Fund
Subchapter B. Funding Provisions
Section 21.101. Texas Park Development Fund
Section 21.102. Use of Development Fund
Section 21.103. Acquiring Park Sites
Section 21.104. Contracts Authorized
Section 21.105. Interest and Sinking Fund
Section 21.106. Credits to Interest and Sinking Fund
Section 21.1061. Report to Bond Review Board
Section 21.107. Additional Transfers
Section 21.108. Interest and Sinking Fund: Final Transfer
Section 21.109. Transfers Required