Texas Health And Safety Code Title 4, Chapter 223 - Hospital Project Financing Act

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 223.001 - Short Title
  This chapter may be cited as the Hospital Project Financing Act. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
• Texas Section 223.002 - Definitions
  In this chapter: (1) "Authority" means a public health authority, including a hospital authority created under Chapter 262 or 264. (2) "Bond" includes a note....

SUBCHAPTER B FINANCING HOSPITAL PROJECTS

• Texas Section 223.003 - Hospital Project Costs
  (a) Hospital project costs include costs related to: (1) the acquisition of land, a right-of-way, an option to purchase land, an easement, or another interest...
• Texas Section 223.011 - Providing Hospital Projects
  (a) An issuer acting for itself or through a nonprofit organization may provide one or more hospital projects by acquisition, construction, or improvement. An acquisition...
• Texas Section 223.012 - Title To Projects
  (a) An issuer may vest title to a hospital project provided under this chapter in a nonprofit organization. (b) If the issuer vests the title...
• Texas Section 223.013 - Contracts Relating To Hospital Project
  (a) An issuer may execute a contract, including a lease, with a nonprofit organization with respect to a hospital project. A contract may authorize the...
• Texas Section 223.014 - Authority Of Issuer
  An issuer has full and complete authority relating to its bonds, a lease agreement in which the issuer is a lessor, or a sale or...
• Texas Section 223.015 - Obligations Limited
  (a) The issuer may not incur a financial obligation under this chapter that cannot be paid from the proceeds of hospital project bonds, revenues derived...

SUBCHAPTER C HOSPITAL PROJECT BONDS

• Texas Section 223.016 - Eminent Domain
  (a) Under this chapter, an issuer may not acquire by eminent domain a hospital project, or any part of a hospital project, to be sold...
• Texas Section 223.021 - Issuance Of Hospital Project Bonds
  (a) An issuer may provide for the issuance of negotiable revenue bonds or other evidences of indebtedness for paying hospital project costs. The bonds may...
• Texas Section 223.022 - Election On Bonds
  (a) The governing body of an issuer shall order and hold an election on the question of the issuance of hospital project bonds if at...
• Texas Section 223.023 - Election Results
  (a) If the proposition is approved by a majority of the voters voting in the election, the issuer may authorize the bonds. (b) If the...
• Texas Section 223.024 - Protest Not Filed
  If a protest requiring an election is not filed under Section 223.022(a) and an election is not called under Section 223.022(b), the issuer may issue...
• Texas Section 223.025 - Limitations On Bonds
  (a) Bonds issued in accordance with this chapter are not general obligations or a pledge of the faith and credit of this state, the issuer,...
• Texas Section 223.026 - Form And Term Of Bonds
  (a) The issuer shall determine the form of the bonds, the date of the bond issue, the price and interest rate of the bonds, and...
• Texas Section 223.027 - Dedicated Repayment Revenue
  The principal of, any redemption premium for, and interest on hospital project bonds are payable from and secured, as specified by the resolution of the...
• Texas Section 223.028 - Security For Bonds
  (a) Bonds issued under this chapter may be secured by a trust agreement between the issuer and a trust company or bank having the powers...
• Texas Section 223.029 - Use Of Proceeds
  (a) The proceeds of the bonds may be: (1) used only for the payment of hospital project costs for which the bonds are issued; and...
• Texas Section 223.030 - Temporary Obligations
  (a) Before the issuance of definitive bonds, the issuer may issue interim receipts or temporary bonds, with or without coupons, exchangeable for definitive bonds when...
• Texas Section 223.031 - Examination Of Bonds
  (a) After issuance of the bonds is authorized and before delivery of the bonds to their purchasers, the bonds and the proceedings authorizing their issuance...
• Texas Section 223.032 - Refunding Bonds
  (a) An issuer by resolution may authorize the issuance of revenue bonds to refund: (1) outstanding bonds or other evidences of indebtedness that have been...
• Texas Section 223.033 - Enforcement Of Agreements
  (a) An agreement made under this chapter may provide, in the event of default in the payment of the principal of, interest on, or any...
• Texas Section 223.034 - Membership Of Governing Body Not Subject To Change
  The resolution authorizing the issuance of hospital project bonds, the trust agreement securing the bonds, or any other agreement relating to the bonds may not...
• Texas Section 223.035 - Bonds Tax Exempt
  The bonds issued under this chapter, their transfer, and interest from the bonds, including profit made from their sale, are exempt from taxation by this...
• Texas Section 223.036 - Bonds As Securities
  (a) Bonds issued under this chapter and any interest coupons are investment securities under Chapter 8, Business & Commerce Code, and are exempt securities under...
• Texas Section 223.037 - Bonds As Investments
  (a) Unless the bonds issued under this chapter are ineligible for investments in accordance with the criteria established in other statutes, rulings, or regulations of...
• Texas Section 223.038 - Cost Of Certain Required Alterations
  The relocation, raising, lowering, rerouting, changing of grade, or altering of construction of a highway, railroad, electric transmission line, telegraph or telephone property or facility,...

Last modified: September 28, 2016