Texas Special District Local Laws Code 1118.204 – Revenue Bonds
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(a) The district may issue revenue bonds to:
(1) acquire, construct, repair, renovate, or equip buildings or improvements for hospital purposes; or
(2) acquire real property for district 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.
Terms Used In Texas Special District Local Laws Code 1118.204
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(c) The bonds must be issued in the manner provided by Sections 264.042, 264.043, 264.044, 264.045, 264.046, 264.047, 264.048, and 264.049, Health and Safety Code, for issuance of revenue bonds by a county hospital authority.