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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A county may issue revenue bonds for:
(1) acquiring, constructing, repairing, equipping, or renovating buildings and improvements for county hospital purposes; or
(2) acquiring land for county hospital purposes.
(b) The county may issue bonds to refund previously issued revenue bonds.
(c) The revenue bonds shall be payable from and secured by a pledge of all or a part of the revenues of the county derived from the operation of the hospital. The bonds may be additionally secured by a mortgage or deed of trust lien on all or part of the county's hospital property.
(d) The revenue bonds must be issued in accordance with Sections 264.042-264.047(a), 264.048, and 264.049, and with the effect specified by Section 264.050.
Cite this article: FindLaw.com - Texas Health and Safety Code - HEALTH & SAFETY § 263.024. Hospital Revenue Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/health-and-safety-code/health-safety-sect-263-024/
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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