Texas Special District Local Laws Code

§ 1013.206 — REVENUE BONDS

SD § 1013.206Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1013. CASTRO COUNTY HOSPITAL DISTRICT · Art. E. BONDS

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

(1)purchase, construct, acquire, repair, or renovate buildings or improvements;

(2)equip buildings or improvements for hospital purposes; or

(3)acquire real property 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 district property.

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Legislative history

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