Texas Special District Local Laws Code
§ 1005.204 — REVENUE BONDS
SD § 1005.204Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1005. BAYLOR COUNTY HOSPITAL DISTRICT · Art. E. BONDS
Statute text
View on source(a)The board may issue revenue bonds to:
(1)acquire, purchase, construct, repair, renovate, or equip buildings or improvements for hospital system purposes;
(2)acquire sites to be used for hospital system purposes; or
(3)acquire and operate a mobile emergency medical service to assist the district in carrying out its hospital purposes.
(b)The bonds must be payable from and secured by a pledge of all or part of the revenues derived from the operation of the district's hospital system.
(c)The bonds may be additionally secured by a mortgage or deed of trust lien on all or part of district property.
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Legislative history
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.