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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