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Texas Special District Local Laws Code

§ 1049.206 — REVENUE BONDS

SD § 1049.206Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1049. KIMBLE COUNTY HOSPITAL DISTRICT OF KIMBLE COUNTY, TEXAS · 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 purchase, construct, acquire, repair, renovate, or equip buildings or improvements for district 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.
(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 the 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 § 1049.206 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.