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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Health and Safety Code § 265.042: PLEDGE OF SECURITY.

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Where this section sits in the code
  1. HEALTH AND SAFETY CODE
  2. TITLE 4. HEALTH FACILITIES
  3. SUBTITLE C. LOCAL HOSPITALS
  4. CHAPTER 265. JOINT MUNICIPAL AND COUNTY HOSPITALS
  5. SUBCHAPTER D. JOINT COUNTY-MUNICIPAL HOSPITAL BOARDS

(a) The revenue bonds may be payable from, and secured by a pledge of, all or part of the revenues, income, or resources of the board or the board's hospital facilities. Additionally, the bonds may be secured by a mortgage or deed of trust on real or personal property, and the board may authorize the execution and delivery of trust indentures or other encumbrances to evidence the security.

(b) The bonds must contain substantially the following statement: "The owner hereof shall never have the right to demand payment of this obligation from taxes levied by the hospital board."

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Collected 2026-08-27T01:47:17Z. Source file · JSON

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