Sec. 284.001. AUTHORITY TO ISSUE; FORM OF BONDS. (a) The commissioners court of a county with a population of at least 200,000 in which a hospital district has been created in accordance with Article IX of the Texas Constitution may issue revenue bonds to provide funds to:
(1) acquire, construct, repair, renovate, improve, enlarge, and equip a hospital facility; and
(2) acquire any real or personal property on behalf of the district for those purposes.
(b) The commissioners court may not issue revenue bonds under this subchapter on behalf of a hospital district to purchase a nursing home for long-term care.
(c) The bonds and bond interest coupons are negotiable instruments.
(d) The bonds may be issued in the form, denomination, and manner and under the terms and conditions determined and provided by the commissioners court in the order authorizing the issuance of the bonds.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Section: 284.001 284.002 284.003 284.004 284.005 284.006 284.007 284.008 284.009 284.010 284.011 284.012 284.013 284.014 284.015 NextLast modified: September 28, 2016