Sec. 284.001. AUTHORITY TO ISSUE; FORM OF BONDS. (a) The commissioners court of a county with a population of at least 200,000 in which a hospital district has been created in accordance with Article IX of the Texas Constitution may issue revenue bonds to provide funds to:
(1) acquire, construct, repair, renovate, improve, enlarge, and equip a hospital facility; and
(2) acquire any real or personal property on behalf of the district for those purposes.
(b) The commissioners court may not issue revenue bonds under this subchapter on behalf of a hospital district to purchase a nursing home for long-term care.
(c) The bonds and bond interest coupons are negotiable instruments.
(d) The bonds may be issued in the form, denomination, and manner and under the terms and conditions determined and provided by the commissioners court in the order authorizing the issuance of the bonds.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Subtitle D - Hospital Districts
Chapter 284 - Special Provisions Relating to Hospital District Bonds
Subchapter A. Issuance of Revenue Bonds in Counties With Population of at Least 200,000
Section 284.001. Authority to Issue; Form of Bonds
Section 284.003. Approval and Registration of Bonds
Section 284.005. Sale of Bonds; Use of Proceeds
Section 284.006. Investment of Bond Proceeds
Section 284.007. Legal Investments
Section 284.008. Security for Deposits
Section 284.009. Authority to Issue Subsequent Bonds
Section 284.010. Refunding Bonds and Refinancing
Section 284.011. Taxes to Pay Operating and Maintenance Expenses
Section 284.012. Authority of District Governing Body in Absence of Ad Valorem Tax
Section 284.013. Annual Budget