Sec. 1072.114. NONPROFIT CORPORATION. (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.
(b) A corporation created under this section may use money contributed by 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.
Added by Acts 2009, 81st Leg., R.S., Ch. 876 (S.B. 2517), Sec. 3.01, eff. June 19, 2009.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1072 - Runnels County Hospital District
Subchapter C. Powers and Duties
Section 1072.101. District Responsibility
Section 1072.102. Management, Control, and Administration
Section 1072.104. Purchasing and Accounting Procedures
Section 1072.105. Provision of Certain Health Services
Section 1072.106. District Property, Facilities, and Equipment
Section 1072.107. Operating and Management Contracts
Section 1072.108. Service Contracts
Section 1072.109. Eminent Domain
Section 1072.110. Cost of Relocating or Altering Property
Section 1072.111. Gifts and Endowments
Section 1072.112. Payment for Treatment; Procedures
Section 1072.113. Reimbursement for Services
Section 1072.114. Nonprofit Corporation
Section 1072.115. Authority to Sue and Be Sued
Section 1072.116. Construction Contracts; Advertising for Certain Construction Contracts