Texas Special District Local Laws Code 1027.201 – General Obligation Bonds
Current as of: 2024 | Check for updates
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Terms Used In Texas Special District Local Laws Code 1027.201
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
The board may issue and sell general obligation bonds in the name and on the faith and credit of the district for any purpose designed to provide, improve, or expand the district’s health care services, including:
(1) the purchase, construction, acquisition, repair, or renovation of buildings or improvements;
(2) equipping buildings or improvements for hospital purposes; and
(3) the acquisition and operation of a mobile emergency medical service.