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Tex. Health & Safety Code § 264.041

REVENUE BONDS

Known as the County Hospital Authority Act

The act spans §§ 264–264 (35 sections).

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

(a) The authority may issue revenue bonds to provide funds for any of the authority's purposes.

(b) Revenue bonds must be payable from, and secured by a pledge of, revenues from the operation of one or more hospitals and any other revenues from owning hospital property. Additionally, revenue bonds may be secured by a mortgage or deed of trust on real property owned by the authority or by a chattel mortgage on the authority's personal property.

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