Section 1002.301 - General Obligation Bonds(a) The board may issue and sell bonds authorized by an election in the name and on the faith and credit of the district to:(1) purchase, construct, acquire, repair, or renovate buildings or improvements; and(2) equip buildings or improvements for hospital purposes.(b) The bonds shall be sold at the time, in the manner, and under the terms determined by the board.Tex. Spec. Dist. Loc. Laws § 1002.301
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. 4/1/2005.