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Texas Special District Local Laws Code

§ 1020.254 — REVENUE BONDS

SD § 1020.254Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1020. DEAF SMITH COUNTY HOSPITAL DISTRICT · Art. F. BONDS

Statute text

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(a)The board may issue revenue bonds to:
(1)purchase, construct, acquire, repair, renovate, or equip buildings or improvements for hospital, medical, or health care purposes; or
(2)acquire sites to be used for hospital, medical, or health care 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 or medical or health care facilities.
(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 and in accordance with the procedures and requirements prescribed 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 § 1020.254 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.