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Texas Health and Safety Code

§ 264.041 — REVENUE BONDS

HS § 264.041Title 4. HEALTH FACILITIES · Part C. LOCAL HOSPITALS · Ch. 264. COUNTY 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.
(b)Revenue bonds must be payable from, and secured by a pledge of, revenues from the operation of one or more hospitals and any other revenues from owning hospital property. 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.

Legislative history

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Source: Texas Health and Safety Code § 264.041 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.