Texas § SD.1096.201 - REVENUE BONDS
Full text of Texas The Texas Constitution § SD.1096.201 — REVENUE BONDS, with citation guidance and answers to common questions.
§ SD.1096.201. REVENUE BONDS
REVENUE BONDS. (a) The district may issue revenue bonds to provide for any district purposes. The bonds must be authorized by a board resolution adopted by a majority vote of a quorum of the board. (b) Revenue bonds must be payable from and secured by a pledge of all or part of the revenue derived from: (1) the operation of the district's hospitals; and (2) any other revenue resulting from the ownership of the hospital properties. (c) Revenue bonds may be additionally secured by a mortgage or deed of trust lien on real property of the district or by a chattel mortgage on the district's personal property, or by both. (d) The board may issue: (1) bonds that are a junior lien on the district's net revenue or property, unless prohibited by the bond resolution or trust indenture; and (2) parity bonds under conditions specified in the bond resolution or trust indenture. (e) A bond issued under this subchapter must contain the provision: "The holder hereof shall never have the right to demand payment thereof out of money raised or to be raised by taxation." Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026 ), Sec. 1.01, eff. April 1, 2015.
Frequently Asked Questions About Texas § SD.1096.201
What does The Texas Constitution § SD.1096.201 cover?
Section SD.1096.201 ("REVENUE BONDS") 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 § SD.1096.201?
A common citation format is "The Texas Constitution § SD.1096.201" (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 § SD.1096.201 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.