Tex. Health & Safety Code Section 221.066
Source of Payment; Bonds Not General Obligation

(a)

The principal of, interest on, and any redemption penalty on bonds issued under this chapter are payable solely from, and may be secured by a pledge of all or part of, one or more of the following:

(1)

the bond proceeds;

(2)

revenue derived from the lease or sale of a health facility or from a loan made by a development corporation to finance or refinance all or part of a health facility;

(3)

revenue derived from the operation of a health facility; or

(4)

other revenue provided by a user of a health facility.

(b)

The bonds are not an obligation or a pledge of the faith and credit of the state, a sponsoring entity, or other political subdivision or agency of the state.

(c)

Each bond must contain on its face a statement that:

(1)

neither the state nor a political subdivision or agency of the state, including the sponsoring entity, is obligated to pay the bonds or interest on the bonds; and

(2)

neither the faith and credit nor the taxing power of the state, the sponsoring entity, or other political subdivision or agency of the state is pledged to the payment of the principal of or interest or any redemption premium on the bonds.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Source: Section 221.066 — Source of Payment; Bonds Not General Obligation, https://statutes.­capitol.­texas.­gov/Docs/HS/htm/HS.­221.­htm#221.­066 (accessed Jun. 5, 2024).

221.001
Short Title 221.002
Purpose 221.003
Definitions 221.004
Adoption of Alternate Procedure 221.005
Effect of Chapter on Other Law 221.011
Authority to Create 221.012
Procedure 221.013
Articles of Incorporation 221.014
Certificate of Incorporation 221.015
Organizational Meeting 221.016
Amendment of Articles of Incorporation 221.017
Certificate of Amendment 221.018
Restated Articles of Incorporation 221.019
Restated Certificate of Incorporation 221.020
Registered Office and Agent 221.021
Change of Registered Office or Agent 221.022
Resignation of Registered Agent 221.023
Agents for Service 221.024
Board 221.025
Officers 221.026
Indemnification 221.027
Bylaws 221.028
Committees 221.029
Meetings 221.030
Corporation’s General Powers 221.031
Conveyance of Land 221.032
Perfection of Security Interest 221.033
Taxation 221.034
Net Earnings 221.035
Alteration of Development Corporation or Activities 221.036
Examination of Books and Records 221.037
Waiver of Notice 221.061
Authority to Issue 221.062
Information Filed with Sponsoring Entity 221.063
Terms 221.064
Sale 221.065
Refunding Bonds 221.066
Source of Payment 221.067
Exempt Securities 221.068
Legal Investments 221.081
Dissolution Authorized 221.082
Articles of Dissolution 221.083
Certificate of Dissolution 221.084
Extension of Duration 221.085
Vesting Property in Sponsoring Entity 221.086
Rights, Claims, and Liabilities Before Dissolution 221.101
Administration of Chapter 221.102
Fees 221.103
Notice and Appeal of Disapproval 221.104
Documents as Prima Facie Evidence 222.001
Short Title 222.002
Definitions 222.003
Exception 222.005
Survey, Planning, and Construction of Hospitals 222.006
Funding 222.007
Agreements for Use of Facilities and Services of Other Entities 222.008
Experts and Consultants 222.009
Report 222.022
Definitions 222.023
Limitation on Inspections 222.024
Certification or Accreditation Instead of Inspection 222.026
Complaint Investigations and Enforcement Authority 222.027
Physician on Survey Team 222.041
Definitions 222.042
Licensing of Beds and Facilities 222.044
Follow-up Surveys 222.046
Surveys of Icf-iid Facilities 223.001
Short Title 223.002
Definitions 223.003
Hospital Project Costs 223.011
Providing Hospital Projects 223.012
Title to Projects 223.013
Contracts Relating to Hospital Project 223.014
Authority of Issuer 223.015
Obligations Limited 223.016
Eminent Domain 223.021
Issuance of Hospital Project Bonds 223.022
Election on Bonds 223.023
Election Results 223.024
Protest Not Filed 223.025
Limitations on Bonds 223.026
Form and Term of Bonds 223.027
Dedicated Repayment Revenue 223.028
Security for Bonds 223.029
Use of Proceeds 223.030
Temporary Obligations 223.031
Examination of Bonds 223.032
Refunding Bonds 223.033
Enforcement of Agreements 223.034
Membership of Governing Body Not Subject to Change 223.035
Bonds Tax Exempt 223.036
Bonds as Securities 223.037
Bonds as Investments 223.038
Cost of Certain Required Alterations 224.001
Definitions 224.002
Vaccine Preventable Diseases Policy Required 224.003
Disaster Exemption 224.004
Disciplinary Action 224.005
Rules 225.001
Definitions 225.002
Federal Law 225.003
Governor’s Duties Relating to Health Planning 225.004
Capital Expenditure Review Program 225.005
Executive Order
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 221.066’s source at texas​.gov