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Tex. Parks and Wildlife Code § 21.105

INTEREST AND SINKING FUND

Texas · Texas Parks and Wildlife Code · Status: effective

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Tex. Parks and Wildlife Code § 21.105, INTEREST AND SINKING FUND, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/565997
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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.