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Texas Statutes (Last Updated: January 4, 2014) |
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SPECIAL DISTRICT LOCAL LAWS CODE |
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Title 3. HEALTH |
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Subtitle A. HOSPITAL DISTRICTS |
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Chapter 1045. HUTCHINSON COUNTY HOSPITAL DISTRICT |
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Subchapter E. BONDS |
Sec. 1045.205. REVENUE BONDS
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(a) The board may issue revenue bonds to:
(1) purchase, construct, acquire, repair, equip, or renovate buildings or improvements for hospital and ancillary health care purposes;
(2) acquire sites to be used for hospital and ancillary health care purposes; or
(3) acquire and operate a mobile emergency medical service to assist the district in carrying out its hospital and ancillary health care 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, or in accordance with other laws relating to the issuance of revenue bonds by a hospital district.