1001.357 – PAYMENT OF REVENUE BONDS; SECURITY. (a) The
Texas Special District Local Laws Code § 1001.357
Summary
This law allows a governing body to issue revenue bonds backed by the income generated from hospital facilities. It enables the district to secure these bonds with various revenue sources, excluding property taxes, and includes funds from grants or donations.
Governing body can issue revenue bonds for hospital facilities.
Bonds secured by income, excluding ad valorem taxes.
Can include grants or donations as security for bonds.
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In simple terms: Learn about Texas's PAYMENT OF REVENUE BONDS; SECURITY. (a) The law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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