Tex. Spec. Dist. Local Laws Code § 1001.356 · Subchapter H. BONDS
REVENUE BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The governing body may issue and sell revenue bonds for and in the name of the district to:
(1) purchase, construct, acquire, repair, renovate, improve, enlarge, or equip hospital facilities; or
(2) acquire real or personal property for use in connection with the hospital facilities.
(b) A revenue bond issued under this section is a special obligation of the district.
(c) A revenue bond issued under this section must mature not later than 40 years after the date of issuance. The total principal of revenue bonds issued and outstanding may not exceed $20 million.
(d) Under the terms prescribed in an ordinance authorizing the issuance of revenue bonds, the governing body may provide for the subsequent issuance of additional parity bonds, subordinate lien bonds, or other types of bonds.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1001.htm
- Text hash
- sha256 c224589a0ca54d4e1ac0d67bed65ecea95440c1b1aa5fd1f5ea90aeeff607f13
- 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
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.