Texas Parks and Wildlife Code 22.036 – Payment of Interest and Expenses
Current as of: 2024 | Check for updates
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The department may set aside amounts from the proceeds of the sale of a bond issue for:
(1) the payment of interest anticipated to accrue during the construction period;
(2) a deposit into the reserve for the interest and sinking fund to the extent prescribed in the authorizing proceedings; and
(3) payment of attorney’s fees, engineer’s fees, and expenses of the issuance and sale of bonds, including the fees of fiscal agents or financial advisors.