Tex. Health and Safety Code § 262.041
REVENUE BONDS
Texas · Texas Health and Safety Code · Status: effective
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- Citation
- Tex. Health and Safety Code § 262.041, REVENUE BONDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/670137
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Full text
(a) The authority may issue revenue bonds to provide funds for any of the authority's purposes, including the purposes described by Sections 262.0331 and 262.034, regardless of whether the authority owns or operates a hospital.
(b) Revenue bonds must be payable from, and secured by a pledge of, revenues from:
(1) the operation of one or more hospitals and any other revenues from the ownership or investment of hospital property; or
(2) any initiative described by Section 262.0331 or any facility or service described by Section 262.034.
(c) Additionally, revenue bonds may be secured by a mortgage or deed of trust on real property owned by the authority or by a chattel mortgage on the authority's personal property.