Texas § 262.041 REVENUE BONDS.

Texas Statutes

§ 262.041 — REVENUE BONDS.

Texas § 262.041

Code HSHealth and Safety Code

This text of Texas § 262.041 (REVENUE BONDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Health and Safety Code Code Ann. § 262.041 (2026).

Text

Sec. 262.041. REVENUE BONDS.

(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.

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Sec. 262.041. REVENUE BONDS. (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.

Legislative History

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by: Acts 2025, 89th Leg., R.S., Ch. 349 (H.B. 3788 ), Sec. 5, eff. September 1, 2025.