81st Texas Legislature, Regular Session, House Bill 2619, Chapter 1139 Page: 20 of 950
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H.B. No. 2619
1 district to purchase, construct, acquire, repair, renovate, or
2 equip buildings or improvements for district purposes.
3 (b) The bonds must be payable from and secured by a pledge of
4 all or part of the revenue derived from the operation of the
5 district's hospital system.
6 (c) The bonds may be additionally secured by a mortgage or
7 deed of trust lien on all or part of district property.
8 (d) The bonds must be issued in the manner provided by
9 Sections 264.042, 264.043, 264.046, 264.047, 264.048, and 264.049,
10 Health and Safety Code, for the issuance of revenue bonds by a
11 county hospital authority. (Acts 59th Leg., R.S., Ch. 310, Sec.
12 12(e).)
13 [Sections 1035.257-1035.300 reserved for expansion]
14 SUBCHAPTER G. TAXES
15 Sec. 1035.301. IMPOSITION OF AD VALOREM TAX. (a) The board
16 shall impose a tax on all property in the district subject to
17 district taxation.
18 (b) The board shall impose the tax to:
19 (1) meet the requirements of district bonds;
20 (2) provide for the district's maintenance and
21 operating expenses;
22 (3) make improvements and additions to the district's
23 hospitals or hospital system; and
24 (4) acquire necessary sites by gift, purchase, lease,
25 or condemnation. (Acts 59th Leg., R.S., Ch. 310, Sec. 8 (part).)
26 Sec. 1035.302. TAX RATE. The board shall impose the tax at
27 a rate not to exceed 75 cents on each $100 valuation of all taxable20
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Texas. Legislature. House of Representatives. 81st Texas Legislature, Regular Session, House Bill 2619, Chapter 1139, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth148576/m1/20/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.