Sec. 1084.110. 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) The corporation may use district 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.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1084 - Palo Pinto County Hospital District
Subchapter C. Powers and Duties
Section 1084.101. District Responsibility
Section 1084.102. Restriction on County or Municipality Taxation
Section 1084.103. Management, Control, and Administration
Section 1084.105. District Property, Facilities, and Equipment
Section 1084.106. Eminent Domain
Section 1084.107. Gifts and Endowments
Section 1084.108. Contracts With Governmental Entities for Care and Treatment
Section 1084.109. Payment for Treatment; Procedures
Section 1084.110. Nonprofit Corporation