DecisionDepot
California legal research

Texas Special District Local Laws Code

§ 1015.204 — REVENUE BONDS

SD § 1015.204Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1015. FAIRFIELD HOSPITAL DISTRICT · Art. E. BONDS

Statute text

View on source
(a)The board may issue revenue bonds to:
(1)purchase, construct, acquire, repair, renovate, or equip buildings or improvements for hospital purposes; 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 lien on all or part of district 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.

Source: Texas Special District Local Laws Code § 1015.204 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.