Texas Special District Local Laws Code - SDLL § 1005.204. Revenue Bonds
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(a) The board may issue revenue bonds to:
(1) acquire, purchase, construct, repair, renovate, or equip buildings or improvements for hospital system purposes;
(2) acquire sites to be used for hospital system 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 district property.
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1005.204. Revenue Bonds - last updated April 14, 2021 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1005-204.html
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