Texas § HS.301.009 - BONDS, NOTES, OR OTHER OBLIGATIONS
Full text of Texas The Texas Constitution § HS.301.009 — BONDS, NOTES, OR OTHER OBLIGATIONS, with citation guidance and answers to common questions.
§ HS.301.009. BONDS, NOTES, OR OTHER OBLIGATIONS
BONDS, NOTES, OR OTHER OBLIGATIONS. (a) A hospital laundry cooperative association may borrow money from public or private sources or issue bonds, notes, or other obligations in amounts necessary to create, enlarge, maintain, or operate a laundry system. (b) The association shall pay bonds, notes, or other obligations of the association solely from revenue received from the operation of a laundry system or from funds specifically provided for that purpose from other sources. An association may pledge its revenues or funds to secure payment of the bonds, notes, or other obligations. (c) Bonds, notes, or other obligations issued by an association do not constitute indebtedness of the state or of any eligible institution that is a member of the association. Holders of bonds, notes, or other obligations may not demand or enforce payment of principal of or interest on the bonds, notes, or other obligations out of funds other than those specifically pledged to secure payment of those bonds, notes, or other obligations. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Frequently Asked Questions About Texas § HS.301.009
What does The Texas Constitution § HS.301.009 cover?
Section HS.301.009 ("BONDS, NOTES, OR OTHER OBLIGATIONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § HS.301.009?
A common citation format is "The Texas Constitution § HS.301.009" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § HS.301.009 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.