Texas Statutes (Last Updated: January 4, 2014) |
HEALTH AND SAFETY CODE |
Title 4. HEALTH FACILITIES |
Subtitle A. FINANCING, CONSTRUCTING, REGULATING, AND INSPECTING HEALTH FACILITIES |
Chapter 223. HOSPITAL PROJECT FINANCING ACT |
Subchapter B. FINANCING HOSPITAL PROJECTS |
Sec. 223.015. OBLIGATIONS LIMITED
Latest version.
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(a) The issuer may not incur a financial obligation under this chapter that cannot be paid from the proceeds of hospital project bonds, revenues derived from operating a hospital project, or other revenues that may be provided by a nonprofit organization in accordance with this chapter.
(b) The legislature or an issuer may not make an appropriation to pay any part of a cost of a hospital project or any operating cost of a hospital project.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.