- (a) On final approval of the budget, the board shall impose a tax on all taxable property in the district subject to district taxation.
(b) The board shall impose the tax to:
- (1) pay the interest on and create a sinking fund for bonds issued by the district for hospital purposes as provided by this chapter;
- (2) provide for the maintenance and operations of the hospital, hospital system, or related facilities;
- (3) make improvements and additions to the hospital system; and
- (4) acquire necessary sites for the hospital system by purchase, lease, or condemnation.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.