Tex. Special District Local Laws Code § 1031.204
This is the official text of Tex. Special District Local Laws Code § 1031.204, part of Texas’s Special District Local Laws Code — consolidates the individual laws creating Texas's special-purpose local government districts.
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§ 1031.204. REVENUE BONDS.
Official statutory text
(a) The district may issue revenue bonds for any health care purpose, including a purpose described by Section 1031.201, only if the bonds are authorized by a majority of the district voters voting at an election held for that purpose.
(b) The bonds must be payable from and secured by a pledge of all or part of the revenue derived from the operation of the district's health care system.
(c) The bonds may be additionally secured by a mortgage or deed of trust lien on all or part of 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 a county hospital authority.
(b) The bonds must be payable from and secured by a pledge of all or part of the revenue derived from the operation of the district's health care system.
(c) The bonds may be additionally secured by a mortgage or deed of trust lien on all or part of 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 a county hospital authority.
Status: in_force · Read it on the official government site
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