1002.306 – REVENUE BONDS. (a) The board may issue revenue
Texas Special District Local Laws Code § 1002.306
Summary
This law allows a board to issue revenue bonds to finance the construction and maintenance of hospital facilities and staff offices. It impacts local hospital districts by providing a mechanism for funding essential healthcare infrastructure through revenue generated by the hospital system.
Boards can issue revenue bonds for hospital-related projects.
Bonds are secured by revenues from the hospital system.
Funds can be used for construction, renovation, and office facilities.
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In simple terms: Learn about Texas's REVENUE BONDS. (a) The board may issue revenue 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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