21.107 – ADDITIONAL TRANSFERS. (a) If the amount credited
Texas Parks and Wildlife Code § 21.107
Summary
This law mandates that if the sinking and interest fund lacks sufficient funds to pay bond obligations, the comptroller must transfer necessary amounts from unappropriated treasury funds. This ensures timely payment of interest and principal on bonds, affecting state financial management and bondholders.
Ensures bond obligations are met even with insufficient funds.
Comptroller must transfer necessary amounts from treasury.
Applies to state-issued bonds and their interest payments.
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In simple terms: Learn about Texas's ADDITIONAL TRANSFERS. (a) If the amount credited law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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