Texas Health and Safety Code
§ 262.026 — RATES FOR HOSPITAL SERVICES
HS § 262.026Title 4. HEALTH FACILITIES · Part C. LOCAL HOSPITALS · Ch. 262. MUNICIPAL HOSPITAL AUTHORITIES · Art. C. POWERS AND DUTIES
Statute text
View on source(a)Except as provided by Subsection (b), through charging sufficient rates for services provided by a hospital and through its other revenue sources the board shall produce revenue sufficient to:
(1)pay the expenses of owning, operating, and maintaining the hospital;
(2)pay the interest on the bonds as it becomes due;
(3)create a sinking fund to pay the bonds as they become due; and
(4)create and maintain a bond reserve fund and other funds as provided in the bond resolution or trust indenture.
(b)If the hospital is used, operated, or acquired by a nonprofit corporation under Chapter 223 or is leased, the board shall require the nonprofit corporation or the lessee to charge rates for services provided by the hospital that are sufficient with the nonprofit corporation's or lessee's other sources of revenue to:
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Legislative history
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.