Sec. 1103.2045. REVENUE BONDS. (a) The board may issue revenue bonds 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) Revenue 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) Revenue bonds may be additionally secured by a mortgage or deed of trust on all or part of district property.
(d) Revenue bonds 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, for issuance of revenue bonds by a county hospital authority.
Added by Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 18.003(b), eff. September 1, 2013.
Section: Previous 1103.154 1103.155 1103.156 1103.201 1103.202 1103.203 1103.204 1103.2045 1103.205 1103.206 1103.207 1103.208 1103.209 1103.251 1103.252 NextLast modified: September 28, 2016