Sec. 22.029. PLEDGE OF INCOME. The department may irrevocably pledge the rents, revenues, and income from the improvements financed by the bonds and from any other revenue-producing facilities or properties of the park, including the fees collected for admission to the park, to the payment of the interest on and the principal of the bonds and may enter into agreements regarding the imposition of charges and the collection, pledge, and disposition of revenue.
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