Tex. Health & Safety Code Section 281.044
Assumption of Bonded Indebtedness; Cancellation of Unsold Municipal or County Bonds

(a)

On the creation of the district, the district assumes:

(1)

any outstanding bonded indebtedness incurred by the county or municipality, or both, in the acquisition of land, buildings, and equipment transferred to the district or in the construction and equipping of hospital facilities; and

(2)

any other outstanding bonds issued by the county or municipality for hospital purposes, the proceeds of which are in whole or in part unexpended.

(b)

On the creation of the district, the county or a municipality in the district that issued bonds for hospital purposes is no longer liable for the payment of the bonds or for providing interest and sinking fund requirements on those bonds.

(c)

This section does not limit or affect the rights of a bondholder against the county or municipality if there is a default in payment of the principal or interest on the bonds in accordance with their terms.

(d)

If the issuance of bonds by the county or municipality, or both, to provide hospital facilities was approved at a bond election but the bonds have not been sold on the date on which the hospital district is created under this chapter, the bond authority is canceled and the county or municipality, or both, may not sell the bonds.

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Source: Section 281.044 — Assumption of Bonded Indebtedness; Cancellation of Unsold Municipal or County Bonds, https://statutes.capitol.texas.gov/Docs/HS/htm/HS.281.htm#281.044 (accessed Jun. 5, 2024).

281.001
Definitions 281.002
District Authorization 281.003
Creation Election Required 281.004
Ballot Propositions 281.021
Appointment of Board 281.022
Term 281.023
Officers 281.024
Compensation 281.025
Record of Board Meeting 281.026
Administrator 281.027
Assistant Administrator 281.028
Staff 281.029
Retirement Programs 281.030
Seal 281.031
Removal of Board Member 281.041
Transfer of County and Municipal Hospital Property and Funds 281.042
Return of Transferred Property to County or Municipality 281.043
Assumption of Contract Obligations 281.044
Assumption of Bonded Indebtedness 281.045
Limitation on Taxing Power by Governmental Entity 281.046
District Responsibility for Medical Aid and Hospital Care 281.047
Management, Control, and Administration 281.048
District Rules 281.049
Purchasing and Accounting Methods and Procedures 281.050
Powers Relating to District Property, Facilities, and Equipment 281.051
Contracting Authority 281.052
County Authority to Sell, Lease, and Purchase Facilities for District Purposes 281.053
District Inspections 281.054
Eminent Domain 281.055
Gifts and Endowments 281.056
Authority to Sue and Be Sued 281.057
Employment of District Peace Officers 281.058
Authority to Form Captive Insurance or Captive Management Company 281.059
Dallas County Hospital District 281.060
El Paso County Hospital District 281.061
Nueces County Hospital District 281.071
Payment and Support 281.072
Reimbursement for Services 281.073
Disposition of District Records 281.091
Budget 281.092
Administrator’s Report 281.093
Depository 281.094
Use of Certain Funds by the Nueces County Hospital District 281.095
Prohibition Against Participation in Tax Increment Financing by Certain Hospital Districts 281.096
Authority to Take Actions Relating to Ad Valorem Taxes 281.101
General Obligation Bonds 281.102
Bond Election 281.103
Refunding Bonds 281.104
Execution of Bonds 281.105
Approval and Registration of Bonds 281.106
Authority to Issue Certificates of Obligation 281.107
Alternative Financing and Election Procedures 281.121
Taxes to Pay Bonds and Certificates of Obligation 281.122
Reduction in Ad Valorem Tax Rate by Governmental Entity 281.124
Election to Approve Tax Rate in Excess of Voter-approval Tax Rate 281.0211
Appointment of Dallas County Hospital District Board 281.0222
Qualifications for Office 281.0281
Employment of Health Care Providers 281.0282
Dallas County Hospital District 281.0283
Harris County Hospital District 281.0284
Bexar County Hospital District 281.0285
El Paso County Hospital District 281.0286
Tarrant County Hospital District 281.0465
Nursing Services for School Districts 281.0475
Renaming District 281.0511
Contracting Authority of Certain Districts 281.0512
Contract to Provide Administrative Functions and Services 281.0514
Harris County Hospital District 281.0515
Procedures for Health Maintenance Organization 281.0517
Integrated Health Care System 281.0518
Dallas County Hospital District 281.0519
Tarrant County Hospital District 281.0565
Charitable Organizations 281.02815
Employment of Physicians by Certain Hospital Districts

Accessed:
Jun. 5, 2024

§ 281.044’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._health_and_safety_code_section_281.044

Original Source: Section 281.044 — Assumption of Bonded Indebtedness; Cancellation of Unsold Municipal or County Bonds, https://statutes.capitol.texas.gov/Docs/HS/htm/HS.281.htm#281.044 (last accessed Jun. 5, 2024).