(a) The board may issue revenue bonds to:
- (1) purchase, construct, acquire, repair, renovate, or equip buildings or improvements for hospital system purposes; or
- (2) acquire sites to be used for hospital system purposes.
- (b) The bonds must be payable from and secured by a pledge of all or part of the revenue derived from the operation of the district's hospitals.
- (c) The bonds may be additionally secured by a mortgage or deed of trust lien on all or part of the district property.
- (d) The bonds must be issued in the manner and in accordance with the procedures and requirements prescribed by Sections 264.042, 264.043, and 264.046-264.049, Health and Safety Code, for issuance of revenue bonds by a county hospital authority.
Added by Acts 2011, 82nd Leg., R.S., Ch. 91 (S.B. 1303), Sec. 22.014(a), eff. September 1, 2011.