21.108 – INTEREST AND SINKING FUND: FINAL TRANSFER. After
Texas Parks and Wildlife Code § 21.108
Summary
This law mandates that once all bonds related to the interest and sinking fund are paid off, any remaining funds must be transferred to the state parks account. This affects the management of financial resources allocated for state parks in Texas.
Ensures funds are redirected to state parks after bond payments.
Applies to the interest and sinking fund specifically.
Promotes financial support for state parks in Texas.
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In simple terms: Learn about Texas's INTEREST AND SINKING FUND: FINAL TRANSFER. After 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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