Tex. Health & Safety Code § 265.0178 · Subchapter B. JOINT HOSPITAL WITH BOARD OF MANAGERS
PLEDGE OF SECURITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A loan under Section 265.0177 may be:
(1) payable from and secured by a pledge of all or part of the revenues, income, or resources of the hospital that are not pledged to pay a bonded indebtedness of the hospital; or
(2) secured by a deed of trust or other security interest in any property of the hospital that is not pledged to pay a bonded indebtedness of the hospital.
(b) The holder of a loan obligation under Section 265.0177 is not entitled to demand payment of the principal and interest on the loan from any money or property of the hospital other than the money or property specifically pledged to secure payment of the loan.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 719, Sec. 1, eff. June 20, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.265.htm
- Text hash
- sha256 9771ca2ef2d1edcf7387be3fda342a54f79f21406b63897046367c374a8fe87d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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