Section 1004.254 - Revenue Bonds(a) The board may issue revenue bonds to:(1) acquire, purchase, construct, repair, renovate, or equip buildings or improvements for hospital purposes;(2) acquire sites to be used for hospital purposes; or(3) acquire and operate a mobile emergency medical service to assist the district in carrying out its hospital purposes.(b) The bonds must be payable from and secured by a pledge of all or part of the revenues derived from the operation of the district's hospital system.(c) The bonds may be additionally secured by a mortgage or deed of trust lien on all or part of the district property.(d) The bonds must be issued in the manner provided by Sections 264.042, 264.043, and 264.046-264.049, Health and Safety Code, for issuance of revenue bonds by county hospital authorities.Tex. Spec. Dist. Loc. Laws § 1004.254
Added by Acts 2005, 79th Leg., Ch. 729, Sec. 1.01, eff. 4/1/2007.