Sec. 1065.207. CHARGES FOR SERVICES RENDERED. If the board issues revenue bonds, the board shall charge and collect rates for services rendered by the hospital system that are sufficient to:
(1) pay the maintenance and operating expenses described by Section 1065.206;
(2) pay the principal of and interest on the bonds as each becomes due; and
(3) create and maintain a bond reserve fund and other funds as provided in the bond resolution or trust indenture.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Last modified: September 28, 2016