REVENUE BONDS.
Tex. SPEC. DIST. LOCAL LAWS Code § 1103.2045.
in effect(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.