Tex. Health & Safety Code Section 287.142
Revenue Bonds

(a)

The board may issue revenue bonds to:

(1)

purchase, construct, acquire, repair, equip, or renovate buildings or improvements for district purposes;

(2)

acquire sites to be used for district purposes; or

(3)

acquire and operate a mobile emergency medical service to assist the district in carrying out its purposes.

(b)

The bonds must be payable from and secured by a pledge of all or part of the revenues derived from the operation of the district. The bonds may be additionally secured by a mortgage or deed of trust lien on all or part of district property.

(c)

The bonds must be issued in the manner provided by Sections 264.042 (Form and Procedure), 264.043 (Terms), 264.046 (Junior Lien Bonds; Parity Bonds), 264.047 (Bond Proceeds; Investment of Funds), 264.048 (Refunding Bonds), and 264.049 (Approval and Registration of Bonds) for issuance of revenue bonds by county hospital authorities.

(d)

Revenue derived from the operation of the district and pledged to the repayment of revenue bonds issued by the district must be used to repay the principal and interest owed on the bonds before being used to repay any other obligation of the district, including money owed to physicians who are employed by or who contract with the district.
Added by Acts 1999, 76th Leg., ch. 1293, Sec. 1, eff. Sept. 1, 1999.

Source: Section 287.142 — Revenue Bonds, https://statutes.­capitol.­texas.­gov/Docs/HS/htm/HS.­287.­htm#287.­142 (accessed Jun. 5, 2024).

287.001
Definitions 287.002
District Authorization 287.021
Creation by Concurrent Orders 287.022
Contract Terms 287.023
Purpose and Duties 287.024
Funding 287.041
Board of Directors 287.042
Qualifications for Office 287.043
Bond 287.044
Board Vacancy 287.045
Officers 287.046
Officers’ Terms 287.047
Compensation 287.048
Voting Requirement 287.049
Administrator and Additional Staff 287.050
Appointments to Staff 287.051
Technicians, Nurses, and Other District Employees 287.052
General Duties of Administrator 287.053
Retirement Benefits 287.071
Responsibility of Governmental Entity 287.072
District Responsibilities 287.073
Management, Control, and Administration 287.074
District Rules 287.075
Methods and Procedures 287.076
Health Care Property, Facilities, and Equipment 287.077
Construction Contracts 287.078
District Contracts and Collaborations 287.079
Payment for Health Care Services 287.080
Reimbursement for Services 287.081
Service Contracts 287.082
Gifts and Endowments 287.083
Authority to Sue and Be Sued 287.101
Dissolution 287.102
Transfer of Assets After Dissolution 287.103
Administration of Property, Debts, and Assets After Dissolution 287.104
Accounting 287.121
Fiscal Year 287.122
Annual Audit 287.123
District Audit and Records 287.124
Annual Budget 287.125
Notice 287.126
Amending Budget 287.127
Limitation of Expenditures 287.128
Sworn Statement 287.129
Spending and Investment Limitations 287.130
Depository 287.131
Ad Valorem Taxation 287.141
General Obligation Bonds 287.142
Revenue Bonds 287.143
Refunding Bonds 287.144
Interest and Maturity 287.145
Execution of Bonds 287.146
Approval and Registration of Bonds 287.147
Bonds as Investments 287.148
Bonds as Security for Deposits 287.149
Tax Status of Bonds
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 287.142’s source at texas​.gov