Texas Special District Local Laws Code
Sec. § 1068.204
Revenue Bonds


(a)

The board may issue revenue bonds to:

(1)

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

(2)

acquire sites to be used for hospital purposes; or

(3)

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

(c)

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

(d)

The bonds must be issued in the manner provided by Sections 264.042, 264.043, 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
Last accessed
Jun. 9, 2018