Sec. 223.027. DEDICATED REPAYMENT REVENUE. The principal of, any redemption premium for, and interest on hospital project bonds are payable from and secured, as specified by the resolution of the governing body or in any trust agreement or other instrument securing the bonds, by a pledge of all or part of the revenues of the issuer to be derived from:
(1) the ownership, operation, lease, use, mortgage, or sale of the hospital project for which the bonds have been issued; or
(2) other revenues provided by a nonprofit organization.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities
Chapter 223 - Hospital Project Financing Act
Subchapter C. Hospital Project Bonds
Section 223.021. Issuance of Hospital Project Bonds
Section 223.022. Election on Bonds
Section 223.023. Election Results
Section 223.024. Protest Not Filed
Section 223.025. Limitations on Bonds
Section 223.026. Form and Term of Bonds
Section 223.027. Dedicated Repayment Revenue
Section 223.028. Security for Bonds
Section 223.029. Use of Proceeds
Section 223.030. Temporary Obligations
Section 223.031. Examination of Bonds
Section 223.032. Refunding Bonds
Section 223.033. Enforcement of Agreements
Section 223.034. Membership of Governing Body Not Subject to Change
Section 223.035. Bonds Tax Exempt
Section 223.036. Bonds as Securities