Special District Local Laws Code § 1005.204

Sec. 1005.204. REVENUE BONDS. (a) The board may issue revenue bonds to: (1) acquire, purchase, construct, repair, renovate, or equip buildings or improvements for hospital system purposes; (2) acquire sites to be used for hospital system 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 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. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.