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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The authority may issue revenue bonds to provide funds for any of the authority's purposes, including the purposes described by Sections 262.0331 and 262.034, regardless of whether the authority owns or operates a hospital.
(b) Revenue bonds must be payable from, and secured by a pledge of, revenues from:
(1) the operation of one or more hospitals and any other revenues from the ownership or investment of hospital property; or
(2) any initiative described by Section 262.0331 or any facility or service described by Section 262.034.
(c) Additionally, revenue bonds may be secured by a mortgage or deed of trust on real property owned by the authority or by a chattel mortgage on the authority's personal property.
Cite this article: FindLaw.com - Texas Health and Safety Code - HEALTH & SAFETY § 262.041. Revenue Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/health-and-safety-code/health-safety-sect-262-041/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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