Sec. 1121.114. 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 for a district purpose, including the provision of 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 2015, 84th Leg., R.S., Ch. 141 (S.B. 2034), Sec. 1, eff. May 28, 2015.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1121 - Cameron County Healthcare District
Subchapter C. Powers and Duties
Section 1121.101. District Responsibility
Section 1121.102. Management, Control, and Administration
Section 1121.104. Purchasing and Accounting Procedures
Section 1121.105. Provision of Certain Health Services
Section 1121.106. District Property, Facilities, and Equipment
Section 1121.107. Operating and Management Contracts
Section 1121.108. Service Contracts
Section 1121.109. Eminent Domain
Section 1121.110. Cost of Relocating or Altering Property
Section 1121.111. Gifts and Endowments
Section 1121.112. Payment for Treatment; Procedures
Section 1121.113. Reimbursement for Services
Section 1121.114. Nonprofit Corporation
Section 1121.115. Loans and Grants for Economic Development Purposes
Section 1121.116. Authority to Sue and Be Sued
Section 1121.117. Construction Contracts; Advertising for Certain Construction Contracts