 |
Texas Statutes (Last Updated: January 4, 2014) |
 |
SPECIAL DISTRICT LOCAL LAWS CODE |
|
Title 3. HEALTH |
|
Subtitle A. HOSPITAL DISTRICTS |
|
Chapter 1017. CULBERSON COUNTY HOSPITAL DISTRICT |
|
Subchapter E. BONDS |
Sec. 1017.204. REVENUE BONDS
-
(a) The board may issue revenue bonds to:
(1) purchase, construct, acquire, repair, renovate, or equip buildings or improvements for hospital purposes;
(2) acquire sites to be used for hospital purposes; or
(3) acquire and operate a mobile emergency medical service to assist the district in carrying out its hospital 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 district property.
(d) The bonds must be issued in the manner provided by Sections 264.042, 264.043, and 264.046-264.049, Health and Safety Code, for issuance of revenue bonds by a county hospital authority.