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Tex. Health & Safety Code § 223.015

OBLIGATIONS LIMITED

Known as the Hospital Project Financing Act

The act spans §§ 223–223 (27 sections).

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff

(a) The issuer may not incur a financial obligation under this chapter that cannot be paid from the proceeds of hospital project bonds, revenues derived from operating a hospital project, or other revenues that may be provided by a nonprofit organization in accordance with this chapter.

(b) The legislature or an issuer may not make an appropriation to pay any part of a cost of a hospital project or any operating cost of a hospital project.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.