Section 264.041 - Revenue Bonds(a) The authority may issue revenue bonds to provide funds for any of the authority's purposes.(b) Revenue bonds must be payable from, and secured by a pledge of, revenues from the operation of one or more hospitals and any other revenues from owning hospital property. 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.Tex. Health and Safety Code § 264.041
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. 9/1/1989.