Tex. Health & Safety Code § 285.008 · Subchapter A. PAYMENT OF HOSPITAL DISTRICT OPERATING EXPENSES IN CERTAIN POPULOUS COUNTIES
BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In a revenue anticipation agreement, the commissioners court may promise to execute and deliver, concurrently with the making of advances under the agreement, interest-bearing bonds evidencing the county's and hospital district's obligation to repay the advances as provided by the agreement and this subchapter.
(b) The bonds may be delivered on terms consistent with the terms specified for a revenue anticipation agreement by this subchapter.
(c) The provisions of this subchapter that relate to advances apply to bonds issued under this section.
(d) Bonds issued under this subchapter are:
(1) incontestable in a court or other forum;
(2) valid and binding obligations;
(3) investment securities under the Uniform Commercial Code (Title 1, Business & Commerce Code);
(4) legal and authorized security for public funds of the state and its political subdivisions; and
(5) legal and authorized investments by a bank, savings bank, savings and loan association, or insurance company.
Notes and commentary — not statutory text
History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.285.htm
- Text hash
- sha256 69a82299d3d5c138261efd0584c101bbe3d2965562aa00509a12fa7b063fc5e0
- 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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Business & Commerce Code
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