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Texas Special District Local Laws Code

§ 1061.204 — REVENUE BONDS

SD § 1061.204Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1061. MIDLAND COUNTY HOSPITAL DISTRICT OF · Art. E. BONDS

Statute text

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(a)The board may issue revenue bonds for the purchase, construction, acquisition, and repair or renovation of buildings and improvements, and equipping any hospital facilities, including facilities for parking, and the training of doctors, nurses, and health care disciplines, and to acquire any real or personal property in connection with the hospital facilities.
(b)A revenue bond issued under this section must mature not later than 40 years after the date of issuance.
(c)The board may provide for the subsequent issuance of additional parity bonds, subordinate lien bonds, or other types of bonds under terms prescribed in the order authorizing the issuance of revenue bonds.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.

Source: Texas Special District Local Laws Code § 1061.204 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.