Tex. Health & Safety Code Section 534.022
Financing of Property and Improvements


(a)

To acquire or to refinance the acquisition of real and personal property, to construct improvements to property, or to finance all or part of a payment owed or to be owed on a credit agreement, a community center may contract in accordance with Subchapter A (Short Title), Chapter 271 (Purchasing and Contracting Authority of Municipalities, Counties, and Certain Other Local Governments), Local Government Code, or issue, execute, refinance, or refund bonds, notes, obligations, or contracts. The community center may secure the payment of the bonds, notes, obligations, or contracts with a security interest in or pledge of its revenues or by granting a mortgage on any of its properties.

(a-1)

For purposes of Subsection (a), “revenues” includes the following, as those terms are defined by Section 9.102 (Definitions and Index of Definitions), Business & Commerce Code:

(1)

an account;

(2)

a chattel paper;

(3)

a commercial tort claim;

(4)

a deposit account;

(5)

a document;

(6)

a general intangible;

(7)

a health care insurance receivable;

(8)

an instrument;

(9)

investment property;

(10)

a letter-of-credit right; and

(11)

proceeds.

(b)

Except as provided by Subsection (f), the community center shall issue the bonds, notes, or obligations in accordance with Chapters 1201 (Public Security Procedures Act) and 1371 (Obligations for Certain Public Improvements), Government Code. The attorney general must approve before issuance:

(1)

notes issued in the form of public securities, as that term is defined by Section 1201.002 (Definitions), Government Code;

(2)

obligations, as that term is defined by Section 1371.001 (Definitions), Government Code; and

(3)

bonds.

(c)

A limitation prescribed in Subchapter A (Short Title), Chapter 271 (Purchasing and Contracting Authority of Municipalities, Counties, and Certain Other Local Governments), Local Government Code, relating to real property and the construction of improvements to real property, does not apply to a community center.

(e)

A county or municipality acting alone or two or more counties or municipalities acting jointly pursuant to interlocal contract may create a public facility corporation to act on behalf of one or more community centers pursuant to Chapter 303 (Public Facility Corporations), Local Government Code. Such counties or municipalities may exercise the powers of a sponsor under that chapter, and any such corporation may exercise the powers of a corporation under that chapter (including but not limited to the power to issue bonds). The corporation may exercise its powers on behalf of community centers in such manner as may be prescribed by the articles and bylaws of the corporation, provided that in no event shall one community center ever be liable to pay the debts or obligation or be liable for the acts, actions, or undertakings of another community center.

(f)

The board of trustees of a community center may authorize the issuance of an anticipation note in the same manner, using the same procedure, and with the same rights under which an eligible school district may authorize issuance under Chapter 1431 (Anticipation Notes), Government Code, except that anticipation notes issued for the purposes described by Section 1431.004 (Uses of Anticipation Note Proceeds)(a)(2), Government Code, may not, in the fiscal year in which the attorney general approves the notes for a community center, exceed 50 percent of the revenue anticipated to be collected in that year.
Added by Acts 1991, 72nd Leg., ch. 76, Sec. 1, eff. Sept. 1, 1991. Amended by Acts 1993, 73rd Leg., ch. 107, Sec. 6.24, eff. Aug. 30, 1993; Acts 1993, 73rd Leg., ch. 161, Sec. 1, eff. May 16, 1993; Acts 1995, 74th Leg., ch. 821, Sec. 11, eff. Sept. 1, 1995; Acts 2001, 77th Leg., ch. 1420, Sec. 8.277, eff. Sept. 1, 2001.
Amended by:
Acts 2005, 79th Leg., Ch. 826 (S.B. 812), Sec. 1, eff. September 1, 2005.
Acts 2011, 82nd Leg., R.S., Ch. 1050 (S.B. 71), Sec. 22(13), eff. September 1, 2011.
Acts 2011, 82nd Leg., R.S., Ch. 1083 (S.B. 1179), Sec. 25(97), eff. June 17, 2011.
Acts 2015, 84th Leg., R.S., Ch. 1 (S.B. 219), Sec. 3.1336, eff. April 2, 2015.

Source: Section 534.022 — Financing of Property and Improvements, https://statutes.­capitol.­texas.­gov/Docs/HS/htm/HS.­534.­htm#534.­022 (accessed Jun. 5, 2024).

534.0001
Definitions
534.001
Establishment
534.002
Board of Trustees for Center Established by One Local Agency
534.003
Board of Trustees for Center Established by at Least Two Local Agencies
534.004
Procedures Relating to Board of Trustees Membership
534.005
Terms
534.006
Training
534.007
Prohibited Activities by Former Officers or Employees
534.008
Administration by Board
534.009
Meetings
534.010
Executive Director
534.011
Personnel
534.012
Advisory Committees
534.013
Cooperation of Departments
534.014
Budget
534.0015
Purpose and Policy
534.015
Provision of Services
534.016
Screening and Continuing Care Services
534.017
Fees for Services
534.018
Gifts and Grants
534.019
Contribution by Local Agency
534.020
Acquisition and Construction of Property and Facilities by Community Center
534.021
Approval and Notification Requirements
534.022
Financing of Property and Improvements
534.023
Sale of Real Property Acquired Solely Through Private Gift or Grant
534.031
Surplus Personal Property
534.032
Research
534.033
Limitation on Department Control and Review
534.035
Review, Audit, and Appeal Procedures
534.036
Financial Audit
534.037
Program Audit
534.038
Appointment of Manager or Management Team
534.039
Powers and Duties of Management Team
534.040
Restoring Management to Center
534.051
Definitions
534.052
Rules and Standards
534.053
Required Community-based Mental Health Services
534.054
Designation of Provider
534.055
Contracts for Certain Community Services
534.056
Coordination of Activities
534.058
Standards of Care
534.059
Contract Compliance for Local Authorities
534.060
Program and Service Monitoring and Review of Local Authorities
534.061
Program and Service Monitoring and Review of Certain Community Services
534.063
Peer Review Organization
534.064
Contract Renewal
534.0065
Qualifications
534.065
Renewal of Certain Contracts for Community Services
534.066
Local Match Requirement
534.067
Fee Collection Policy
534.068
Audits
534.069
Criteria for Providing Funds for Start-up Costs
534.070
Use of Prospective Payment Funds
534.071
Advisory Committee
534.101
Definitions
534.102
Rules and Standards
534.103
Required Community-based Intellectual Disability Services
534.104
Joint Discharge Planning
534.105
Designation of Provider
534.106
Contracts for Certain Community Services
534.107
Coordination of Activities
534.108
Standards of Care
534.109
Contract Compliance for Local Authorities
534.110
Program and Service Monitoring and Review of Local Authorities
534.111
Coordinated Program Audits of Local Authorities
534.112
Financial Audits of Local Authorities
534.113
Additional Financial Audit Activity
534.114
Program and Service Monitoring and Review of Certain Community Services
534.115
Peer Review Organization
534.0115
Nepotism
534.116
Contract Renewal
534.117
Renewal of Certain Contracts for Community Services
534.118
Local Match Requirement
534.119
Fee Collection Policy
534.120
Notice of Denial, Reduction, or Termination of Services
534.121
Audits
534.122
Criteria for Providing Funds for Start-up Costs
534.123
Use of Prospective Payment Funds
534.124
Advisory Committee
534.151
Health Maintenance Organization Certificate of Authority
534.152
Laws and Rules
534.153
Application of Laws and Rules
534.154
Applicability of Specific Laws
534.155
Consideration of Bids
534.0155
For Whom Services May Be Provided
534.156
Conditions for Certain Contracts
534.0175
Trust Exemption
534.0535
Joint Discharge Planning
534.0601
Coordinated Program Audits of Local Authorities
534.0602
Financial Audits of Local Authorities
534.0603
Additional Financial Audit Activity
534.0675
Notice of Denial, Reduction, or Termination of Services
534.1075
Respite Care

Accessed:
Jun. 5, 2024

§ 534.022’s source at texas​.gov