Tex. Spec. Dist. Local Laws Code Section 1055.205
Revenue Bonds; Other Financial Arrangements

(a)

The board may, without an election, issue revenue bonds or make other financial arrangements payable from and secured by a pledge of all or part of the revenue derived from the operation of the district’s hospital system. The district may use the money to:

(1)

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

(2)

acquire sites to be used for hospital purposes.

(b)

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 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 1055.205 — Revenue Bonds; Other Financial Arrangements, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1055.­htm#1055.­205 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 1055.205’s source at texas​.gov