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Texas Special District Local Laws Code

§ 1001.110 — GIFTS AND ENDOWMENTS

SD § 1001.110Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1001. CITY OF AMARILLO HOSPITAL DISTRICT · Art. C. POWERS AND DUTIES

Statute text

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(a)The board may accept for the district a gift or endowment to be held in trust or otherwise and administered by the board for any purpose and under any direction, limitation, or provision prescribed in writing by the donor that is not inconsistent with the proper management and objectives of the district.
(b)The board may establish a foundation or nonprofit corporation for the purposes of this section.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.

Source: Texas Special District Local Laws Code § 1001.110 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.