Tex. Spec. Dist. Local Laws Code Section 1087.206
Revenue Bonds

(a)

The board may issue revenue bonds to:

(1)

purchase, construct, acquire, repair, or renovate buildings or improvements;

(2)

equip buildings or improvements for hospital purposes; or

(3)

acquire real property 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 lien 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), 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 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.

Source: Section 1087.206 — Revenue Bonds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1087.­htm#1087.­206 (accessed Jun. 5, 2024).

1087.001
Definitions 1087.002
Authority for Creation 1087.003
Political Subdivision 1087.004
District Territory 1087.005
Consolidation of District and Mccamey County Hospital District 1087.051
Board Election 1087.052
Notice of Election 1087.053
Qualifications for Office 1087.054
Bond 1087.055
Board Vacancy 1087.056
Officers 1087.057
Voting Requirement 1087.058
District Administrator 1087.059
General Duties of District Administrator 1087.060
Assistant to District Administrator 1087.061
Legal Counsel 1087.062
Retirement Program 1087.063
Maintenance of Records 1087.101
District Responsibility 1087.102
Restriction on County or Municipality Taxation 1087.103
Purchasing and Accounting 1087.104
Eminent Domain 1087.105
Gifts and Endowments 1087.106
Construction Contracts 1087.107
Contracts with Governmental Entities for Care and Treatment 1087.108
Payment for Treatment 1087.109
Authority to Sue and Be Sued 1087.151
Budget 1087.152
Proposed Budget: Notice and Hearing 1087.153
Fiscal Year 1087.154
Annual Audit 1087.155
Financial Report 1087.156
Depository 1087.157
Investment Restrictions 1087.158
Authority to Borrow Money 1087.201
General Obligation Bonds 1087.202
Tax to Pay General Obligation Bonds 1087.203
General Obligation Bond Election 1087.204
Maturity of General Obligation Bonds 1087.205
Execution of General Obligation Bonds 1087.206
Revenue Bonds 1087.207
Refunding Bonds 1087.208
Additional Means of Securing Repayment of Bonds 1087.209
Use of Bond Proceeds 1087.251
Imposition of Ad Valorem Tax 1087.252
Tax Rate 1087.253
Assessment and Collection by County Tax Assessor-collector 1087.254
Election for Separate Tax Assessor and Separate Tax Collector 1087.255
Appointment of Separate Tax Assessor and Separate Tax Collector
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1087.206’s source at texas​.gov