Sec. 1048.204. REVENUE BONDS. (a) The board may issue revenue bonds to:
(1) purchase, construct, acquire, repair, equip, or renovate buildings or improvements for hospital system purposes; or
(2) acquire sites to be used for the hospital system.
(b) The bonds must be payable from and secured by a pledge of all or part of district revenue derived from the operation of the district's hospitals.
(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 and in accordance with the procedures and requirements prescribed 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.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1048 - Karnes County Hospital District
Section 1048.201. General Obligation Bonds
Section 1048.202. Tax to Pay General Obligation Bonds
Section 1048.203. Bond Election
Section 1048.204. Revenue Bonds
Section 1048.205. Refunding Bonds
Section 1048.206. Additional Means of Securing Repayment of Bonds
Section 1048.207. Maturity of Bonds
Section 1048.208. Execution of Bonds