Texas Health and Safety Code

§ 221.030 — CORPORATION'S GENERAL POWERS

HS § 221.030Title 4. HEALTH FACILITIES · Part A. FINANCING, CONSTRUCTING, REGULATING, AND INSPECTING · Ch. 221. HEALTH FACILITIES DEVELOPMENT ACT · Art. B. CREATION AND OPERATION OF DEVELOPMENT CORPORATION

Statute text

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(a)Subject to Section 221.035, a development corporation has the rights and powers necessary or convenient to accomplish the corporation's purposes, including the power to:

(1)acquire, by purchase, devise, gift, lease, or a combination of those methods, construct, or improve, or cause a user to acquire, construct, or improve, one or more health facilities located in the state and located:

(A)wholly or partly within the limits of the sponsoring entity; or

(B)outside the limits of the sponsoring entity, with the consent of each other sponsoring entity in which the health facility is or is to be located;

(2)lease as lessor all or part of a health facility for the rental amount and on the terms and conditions that the corporation considers advisable;

(3)sell for installment payments or other method of payment, option or contract for sale, and convey all or part of a health facility for the price and on the terms and conditions that the corporation considers advisable;

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Legislative history

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.