Tex. Health & Safety Code § 265.043 · Subchapter D. JOINT COUNTY-MUNICIPAL HOSPITAL BOARDS
SALE AND USE OF PROCEEDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The revenue bonds may be sold at public or private sale at a price and under terms determined by the directors. The bonds may bear interest at a rate not to exceed the maximum rate provided by Chapter 1204, Government Code.
(b) Proceeds from the sale of the bonds may be used, if the use is authorized in the proceedings authorizing issuance of the bonds, to:
(1) pay interest on the bonds during the construction of hospital facilities acquired through issuance of the bonds;
(2) pay operation and maintenance expense of the hospital facilities to the extent and for the time specified in the proceedings;
(3) create reserves for the payment of principal of and interest on the bonds; or
(4) invest, until needed, to the extent and in the manner provided in the bond resolution or a trust indenture executed in connection with the bonds.
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. 8.259, 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 a25e90caf751958a49d34a870ceee81b321ab5bd5721692d5f0da48f79ba5a75
- 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
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