Untitled Texas Attorney General Opinion

THE ATTORXEY GENERAL OF TEXAS March 11, 1987 Honorable Elizabeth C. Jandt Opinion No. J-M-642 Guadalupe County Attorney 105-A North Austin lb: The authority of the Guadalupe Seguin, Texas 78155 Valley Hospital to borrow funds to purchase equipment and renovate the hospital under article 4494i, V.T.C.S. Dear Ms. Jandt: Article 44941, V.T.C.S., authorizes the joint establishment and operation of hospitals by counties and cities or towns. You ask whether an article 44941 hospital may borrow money to purchase equipment and to renovate the hospital when it is reasonably anticipated that the loan…