Tex. Special District Local Laws Code § 1001.356
This is the official text of Tex. Special District Local Laws Code § 1001.356, part of Texas’s Special District Local Laws Code — consolidates the individual laws creating Texas's special-purpose local government districts.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 1001.356. REVENUE BONDS.
Official statutory text
(a) The governing body may issue and sell revenue bonds for and in the name of the district to:
(1) purchase, construct, acquire, repair, renovate, improve, enlarge, or equip hospital facilities; or
(2) acquire real or personal property for use in connection with the hospital facilities.
(b) A revenue bond issued under this section is a special obligation of the district.
(c) A revenue bond issued under this section must mature not later than 40 years after the date of issuance. The total principal of revenue bonds issued and outstanding may not exceed $20 million.
(d) Under the terms prescribed in an ordinance authorizing the issuance of revenue bonds, the governing body may provide for the subsequent issuance of additional parity bonds, subordinate lien bonds, or other types of bonds.
(1) purchase, construct, acquire, repair, renovate, improve, enlarge, or equip hospital facilities; or
(2) acquire real or personal property for use in connection with the hospital facilities.
(b) A revenue bond issued under this section is a special obligation of the district.
(c) A revenue bond issued under this section must mature not later than 40 years after the date of issuance. The total principal of revenue bonds issued and outstanding may not exceed $20 million.
(d) Under the terms prescribed in an ordinance authorizing the issuance of revenue bonds, the governing body may provide for the subsequent issuance of additional parity bonds, subordinate lien bonds, or other types of bonds.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.