Texas Special District Local Laws Code
§ 1072.204 — REVENUE BONDS
SD § 1072.204Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1072. RUNNELS COUNTY HOSPITAL DISTRICT · Art. E. BONDS
Statute text
View on source(a)The board may issue revenue bonds to:
(1)acquire, purchase, construct, 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 revenues 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 the district property.
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Legislative history
Added by Acts 2009, 81st Leg., R.S., Ch. 876 (S.B. 2517), Sec. 3.01, eff. June 19, 2009.