Sec. 1109.205. REVENUE BONDS. (a) The district may issue revenue bonds to:
(1) purchase, construct, acquire, repair, or renovate buildings and improvements;
(2) equip buildings and improvements for the hospital or hospital system;
(3) acquire sites to be used for hospital purposes; or
(4) acquire and operate a mobile emergency medical service to assist the district in carrying out its purposes.
(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 hospital system.
(c) The bonds may be additionally secured by a mortgage or deed of trust lien on all or part of the district property.
(d) The district shall issue revenue bonds in the manner provided by Sections 264.042, 264.043, 264.046, 264.047, 264.048, and 264.049, Health and Safety Code.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.
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