REVENUE BONDS.
Tex. SPEC. DIST. LOCAL LAWS Code § 1109.205.
in effect(a) The district may issue revenue bonds to:
(1) purchase, construct, acquire, repair, or renovate buildings and improvements;
(2) equip buildings and improvements for the hospital or hospital system;
(3) acquire sites to be used for hospital purposes; or
(4) acquire and operate a mobile emergency medical service to assist the district in carrying out its purposes.
(b) The 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) The bonds may be additionally secured by a mortgage or deed of trust lien on all or part of the district property.
(d) The district shall issue revenue bonds in the manner provided by Sections 264.042 , 264.043 , 264.046 , 264.047 , 264.048 , and 264.049 , Health and Safety Code.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026 ), Sec. 1.01, eff. April 1, 2015.