Tex. Health & Safety Code § 265.041 · Subchapter D. JOINT COUNTY-MUNICIPAL HOSPITAL BOARDS
TERMS OF BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The revenue bonds may mature serially or otherwise not more than 40 years after they are issued. The bonds may bear interest at a rate not to exceed the maximum rate provided by Chapter 1204, Government Code, and may be made redeemable prior to maturity.
(b) The bonds and any appurtenant interest coupons are negotiable instruments.
(c) The bonds may be made registrable as to principal or as to principal and interest.
(d) The directors may determine, in the proceedings authorizing the issuance of the bonds:
(1) the form, denominations, and manner in which the bonds are issued;
(2) the terms and details under which the bonds are issued; and
(3) the manner in which the bonds are executed.
Notes and commentary — not statutory text
History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.258, eff. Sept. 1, 2001.
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 345241824c5ff276f48fc9c2152d505d8c1028b00ef8c2c9d1201fe0d806db24
- 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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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.