Sec. 22.025. INTEREST ON BONDS. Interest on the bonds may not exceed six percent per year, computed with relation to the absolute maturity of the bonds in accordance with standard bond interest tables currently in use by insurance companies and investment houses, excluding from the computation the amount of any premium to be paid on redemption of any bonds prior to maturity.
Acts 1975, 64th Leg., p. 1405, ch. 545, Sec. 1, eff. Sept. 1, 1975.
Structure Texas Statutes
Subchapter C. Palo Duro Canyon State Park
Section 22.022. Powers of Department
Section 22.023. Disposition of Income
Section 22.024. Issuance of Bonds
Section 22.025. Interest on Bonds
Section 22.026. Maturity of Bonds
Section 22.027. Redemption Before Maturity
Section 22.029. Pledge of Income
Section 22.030. Right to Issue Additional Bonds
Section 22.031. Additional Security for Bonds
Section 22.033. Refunding of Bonds
Section 22.034. Employment of Personnel
Section 22.035. Approval by Attorney General
Section 22.036. Payment of Interest and Expenses
Section 22.037. Legal Investments