DecisionDepot
California legal research

Texas Special District Local Laws Code

§ 1001.356 — REVENUE BONDS

SD § 1001.356Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1001. CITY OF AMARILLO HOSPITAL DISTRICT · Art. H. BONDS

Statute text

View on source
(a)The governing body may issue and sell revenue bonds for and in the name of the district to:
(1)purchase, construct, acquire, repair, renovate, improve, enlarge, or equip hospital facilities; or
(2)acquire real or personal property for use in connection with the hospital facilities.
(b)A revenue bond issued under this section is a special obligation of the district.
(c)A revenue bond issued under this section must mature not later than 40 years after the date of issuance. The total principal of revenue bonds issued and outstanding may not exceed $20 million.
(d)Under the terms prescribed in an ordinance authorizing the issuance of revenue bonds, the governing body may provide for the subsequent issuance of additional parity bonds, subordinate lien bonds, or other types of bonds.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.

Source: Texas Special District Local Laws Code § 1001.356 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.