(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.(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. Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.Redesignated from Special District Local Laws Code, Section 1072.204 by Acts 2011, 82nd Leg., R.S., Ch. 91 (S.B. 1303), Sec. 27.001(53), eff. September 1, 2011.
Texas Legal Code