DecisionDepot
California legal research

Texas Special District Local Laws Code

§ 1013.117 — NONPROFIT CORPORATION

SD § 1013.117Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1013. CASTRO COUNTY HOSPITAL DISTRICT · Art. C. POWERS AND DUTIES

Statute text

View on source
(a)The district may create and sponsor a nonprofit corporation under the Business Organizations Code and may contribute money to or solicit money for the corporation. (a-1) Expired.
(b)The corporation may use money, other than money the corporation pays to the district, only to provide health care or other services the district is authorized to provide under this chapter.
(c)The corporation may invest the corporation's money in any manner in which the district may invest the district's money, including investing money as authorized by Chapter 2256, Government Code.
(d)The board shall establish controls to ensure that the corporation uses its money as required by this section.
(e)Expired.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Texas Special District Local Laws Code § 1013.117 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.