Sec. 21.110. INVESTMENT OF FUNDS. (a) The department may invest the development fund and, in making the investments, is governed by the provisions of Chapter 401, Acts of the 60th Legislature, Regular Session, 1967.
(b) The department may invest the interest and sinking fund only in direct obligations of the United States or in obligations the principal and interest of which are guaranteed by the United States.
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