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Texas Health and Safety Code

§ 285.025 — TERMS

HS § 285.025Title 4. HEALTH FACILITIES · Part D. HOSPITAL DISTRICTS · Ch. 285. SPECIAL PROVISIONS RELATING TO HOSPITAL DISTRICTS · Art. B. PARKING STATIONS NEAR HOSPITALS IN COUNTIES OF AT LEAST 1.5 MILLION

Statute text

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(a)Bonds issued under this subchapter must mature serially or otherwise not more than 40 years after they are issued. The bonds may:
(1)be sold at a price and under terms that the commissioners court considers the most advantageous reasonably obtainable; and
(2)be made callable before maturity at times and prices prescribed in the order authorizing the bonds.
(b)The bonds may not bear interest at a rate greater than that allowed by Chapter 1204, Government Code.

Legislative history

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.263, eff. Sept. 1, 2001.

Source: Texas Health and Safety Code § 285.025 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.