Sec. 22.031. ADDITIONAL SECURITY FOR BONDS. (a) If, after reasonable effort, the department is unable to sell the bonds, the bonds may be additionally secured by a deed of trust lien on the land and property comprising the park, or any part of it, after the department has obtained written approval of the governor.
(b) The governor may not give his approval under this section until he has obtained the advice and consent of the Legislative Budget Board.
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