Texas Special District Local Laws Code - Section 1002.306. Revenue Bonds
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§ 1002.306. REVENUE BONDS. (a) The board may issue
revenue bonds to:
(1) purchase, construct, repair, renovate, or acquire
buildings, sites, or improvements and equip buildings, sites, or
improvements for hospitals and the hospital system; and
(2) establish and maintain office facilities for staff
physicians under Section 1002.058.
(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, including district facilities.
(c) Bonds issued under Subsection (a)(1) may be
additionally secured by a mortgage or deed of trust lien on all or
part of the district property.
(d) Bonds issued under Subsection (a)(1) must be issued in
the manner provided by Sections 264.042, 264.043, 264.046, 264.047,
264.048, and 264.049, Health and Safety Code.
(e) Bonds issued under Subsection (a)(2) must be issued in
the manner provided by Sections 264.042-264.047(a), 264.048, and
264.049, Health and Safety Code.
Acts 2003, 78th Leg., ch. 1277, § 1, eff. April 1, 2005.
Section: 1002.251 1002.252 1002.301 1002.302 1002.303 1002.304 1002.305 1002.306 1002.351 1002.352 1003.001 1003.002 1003.003 1003.004 1003.005
Last modified: August 10, 2007
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