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Texas Special District Local Laws Code

§ 1009.110 — GIFTS AND ENDOWMENTS

SD § 1009.110Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1009. COCHRAN MEMORIAL HOSPITAL DISTRICT · Art. C. POWERS AND DUTIES

Statute text

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The board may accept on behalf of the district a gift or endowment to be held in trust and administered by the board for a purpose and under a written direction, limitation, or provision prescribed by the donor that is not inconsistent with the proper management and objectives of the district.

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 § 1009.110 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.