Texas Special District Local Laws Code

§ 1034.204 — REVENUE BONDS

SD § 1034.204Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1034. HALL COUNTY HOSPITAL DISTRICT · Art. E. BONDS

(a)The board may issue revenue bonds to:

(1)purchase, construct, acquire, repair, renovate, or equip buildings or improvements for hospital purposes;

(2)acquire sites to be used for hospital 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 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.

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Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.