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Texas Special District Local Laws Code

§ 1026.107 — DISTRICT PROPERTY, FACILITIES, AND EQUIPMENT

SD § 1026.107Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1026. FARWELL HOSPITAL DISTRICT · Art. C. POWERS AND DUTIES

Statute text

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(a)The board shall determine the type, number, and location of buildings required to maintain an adequate hospital system.
(b)The board may lease all or part of the district's buildings and other facilities on terms considered to be in the best interest of the district's inhabitants. The term of the lease may not exceed 25 years.
(c)The board may acquire equipment for use in the district's hospital system and mortgage or pledge the property as security for the payment of the purchase price. A contract entered into under this subsection must provide that the entire obligation be retired not later than the fifth anniversary of the date of the contract.
(d)The board may sell or otherwise dispose of any property, including equipment, on terms the board finds are in the best interest of the district's inhabitants.

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 § 1026.107 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.