Section 1055.205 - Revenue Bonds; Other Financial Arrangements(a) The board may, without an election, issue revenue bonds or make other financial arrangements payable from and secured by a pledge of all or part of the revenue derived from the operation of the district's hospital system. The district may use the money to:(1) purchase, construct, acquire, repair, renovate, or equip buildings or improvements for hospital purposes; or(2) acquire sites to be used for hospital purposes.(b) 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 a county hospital authority.Tex. Spec. Dist. Loc. Laws § 1055.205
Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.02, eff. 4/1/2009.