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Texas Health and Safety Code

§ 262.041 — REVENUE BONDS

HS § 262.041Title 4. HEALTH FACILITIES · Part C. LOCAL HOSPITALS · Ch. 262. MUNICIPAL HOSPITAL AUTHORITIES · Art. D. BONDS

Statute text

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(a)The authority may issue revenue bonds to provide funds for any of the authority's purposes, including the purposes described by Sections 262.0331 and 262.034, regardless of whether the authority owns or operates a hospital.
(b)Revenue bonds must be payable from, and secured by a pledge of, revenues from:
(1)the operation of one or more hospitals and any other revenues from the ownership or investment of hospital property; or
(2)any initiative described by Section 262.0331 or any facility or service described by Section 262.034.
(c)Additionally, revenue bonds may be secured by a mortgage or deed of trust on real property owned by the authority or by a chattel mortgage on the authority's personal property. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by:

Legislative history

Acts 2025, 89th Leg., R.S., Ch. 349 (H.B. 3788), Sec. 5, eff. September 1, 2025.

Source: Texas Health and Safety Code § 262.041 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.