Except as provided in this section, by resolution, the board of directors of a local hospital district may authorize the disposition of any surplus property of the district at fair market value by any method determined appropriate by the board.

The board of directors of a local hospital district may donate or sell, at less than fair market value, any surplus property to another local hospital district in California.

Terms Used In California Health and Safety Code 32121.2

  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.

(Amended by Stats. 1982, Ch. 1513, Sec. 7.)

  Previous section
Next section  
 Article 2 Contents