Tex. Spec. Dist. Local Laws Code Section 1049.206
Revenue Bonds

(a)

The board may issue and sell revenue bonds in the name and on the faith and credit of the district to purchase, construct, acquire, repair, renovate, or equip buildings or improvements for district 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 district property.

(d)

The bonds must be issued in the manner provided by Sections 264.042 (Form and Procedure), 264.043 (Terms), and 264.046-264.049, Health and Safety Code, for the issuance of revenue bonds by a county hospital authority.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Section 1049.206 — Revenue Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1049.­htm#1049.­206 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 1049.206’s source at texas​.gov