Tex. Spec. Dist. Local Laws Code Section 1040.207
Revenue Bonds

(a)

The board may issue revenue bonds to:

(1)

purchase, construct, acquire, repair, renovate, or equip buildings or improvements for hospitals and the hospital system; or

(2)

acquire sites to be used for hospital purposes.

(b)

The bonds must be payable from and secured by a pledge of all or part of the revenue derived from the operation of the district’s hospital system.

(c)

The bonds may be additionally secured by a mortgage or deed of trust on all or part of the district’s property.

(d)

The bonds must be issued in the manner and in accordance with the procedures and requirements prescribed 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), Health and Safety Code, for issuance of revenue bonds by a county hospital authority.
Added by Acts 2015, 84th Leg., R.S., Ch. 131 (H.B. 795), Sec. 6, eff. May 28, 2015.

Source: Section 1040.207 — Revenue Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1040.­htm#1040.­207 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 1040.207’s source at texas​.gov