Texas Special District Local Laws Code

§ 1012.205 — REVENUE BONDS

SD § 1012.205Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1012. CHILDRESS COUNTY HOSPITAL DISTRICT · Art. E. BONDS

Statute text

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(a)The board may issue and sell revenue bonds in the name and on the faith and credit of the district to:

(1)purchase, construct, acquire, repair, renovate, or equip buildings or improvements for hospitals and the hospital system; or

(2)acquire sites to be used for hospital purposes.

(b)The bonds must be payable from and secured by a pledge of all or part of the revenue derived from the operation of the district's hospital system.

(c)The bonds may be additionally secured by a mortgage or deed of trust on all or part of the district's property.

(d)The bonds must be issued in the manner provided by Sections 264.042, 264.043, and 264.046-264.049, Health and Safety Code, for issuance of revenue bonds by a county hospital authority.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.