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Texas Special District Local Laws Code - SDLL § 1013.206. Revenue Bonds

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) The board may issue revenue bonds in the name and on the faith and credit of the district to:

(1) purchase, construct, acquire, repair, or renovate buildings or improvements;

(2) equip buildings or improvements for hospital purposes; or

(3) acquire real property for hospital purposes.

(b) The bonds must be payable from and secured by a pledge of all or part of the revenue derived from the operation of the district's hospital system.

(c) The bonds may be additionally secured by a mortgage or deed of trust on all or part of district property.

(d) The bonds must be issued in the manner provided by Sections 264.042, 264.043, and 264.046-264.049, Health and Safety Code, for issuance of revenue bonds by a county hospital authority.

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1013.206. Revenue Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1013-206/

Read this complete Texas Special District Local Laws Code - SDLL § 1013.206. Revenue Bonds on Westlaw. Westlaw subscription required.

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