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Texas Special District Local Laws Code

§ 1055.201 — GENERAL OBLIGATION BONDS AND OTHER FINANCIAL ARRANGEMENTS

SD § 1055.201Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1055. MARION COUNTY HOSPITAL DISTRICT · Art. E. BONDS AND OTHER FINANCIAL ARRANGEMENTS

Statute text

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The board may issue and sell general obligation bonds, secure long-term loans, or make other financial arrangements as district obligations in the name and on the faith and credit of the district. The money shall be used for any purpose relating to:
(1)the purchase, construction, acquisition, repair, or renovation of buildings or improvements;
(2)equipping buildings or improvements for hospital purposes; and
(3)the operation of the district.

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 § 1055.201 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.