81st Texas Legislature, Regular Session, House Bill 2619, Chapter 1139 Page: 86 of 950
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H.B. No. 2619
1 (2) acquire sites to be used for health care or
2 hospital purposes.
3 (c) 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 or health care facilities.
6 (d) The bonds may be additionally secured by a mortgage or
7 deed of trust lien on all or part of district property.
8 (e) The bonds must be issued in the manner and in accordance
9 with the procedures and requirements prescribed by Sections
10 264.042, 264.043, 264.046, 264.047, 264.048, and 264.049, Health
11 and Safety Code, for issuance of revenue bonds by a county hospital
12 authority. (Acts 65th Leg., R.S., Ch. 258, Secs. 9A, 10 (part).)
13 Sec. 1063.207. REFUNDING BONDS. (a) The board may, without
14 an election, issue refunding bonds to refund outstanding
15 indebtedness issued or assumed by the district.
16 (b) A refunding bond may be:
17 (1) sold, with the proceeds of the refunding bond
18 applied to the payment of the outstanding indebtedness; or
19 (2) exchanged wholly or partly for not less than a
20 similar principal amount of outstanding indebtedness. (Acts 65th
21 Leg., R.S., Ch. 258, Secs. 8(a) (part), (b) (part), 10 (part).)
22 Sec. 1063.208. BONDS EXEMPT FROM TAXATION. The following
23 are exempt from taxation by this state or a political subdivision of
24 this state:
25 (1) bonds issued by the district;
26 (2) the transfer and issuance of the bonds; and
27 (3) profits made in the sale of the bonds. (Acts 65th86
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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/m1/86/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.