Sec. 1055.201. GENERAL OBLIGATION BONDS AND OTHER FINANCIAL ARRANGEMENTS. The board may issue and sell general obligation bonds, secure long-term loans, or make other financial arrangements as district obligations in the name and on the faith and credit of the district. The money shall be used for any purpose relating to:
(1) the purchase, construction, acquisition, repair, or renovation of buildings or improvements;
(2) equipping buildings or improvements for hospital purposes; and
(3) the operation of the district.
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 1055 - Marion County Hospital District
Subchapter E. Bonds and Other Financial Arrangements
Section 1055.201. General Obligation Bonds and Other Financial Arrangements
Section 1055.202. Tax to Pay General Obligation Bonds or Other Financial Arrangements
Section 1055.203. Election for General Obligation Bonds or Other Financial Arrangements
Section 1055.204. Execution of General Obligation Bonds
Section 1055.205. Revenue Bonds; Other Financial Arrangements