(a) The authority may form and sponsor a nonprofit corporation under the Texas Nonprofit Corporation Law, as described by § 1.008, Business Organizations Code, to own and operate all or part of one or more ancillary health care facilities consistent with the purposes of an authority under this chapter.
(b) The board shall appoint the board of directors of a nonprofit corporation formed under this section.

Terms Used In Texas Health and Safety Code 262.037

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(c) The authority may contribute money to or solicit money for the nonprofit corporation. If the authority contributes money to or solicits money for the corporation, the authority shall establish procedures and controls sufficient to ensure that the money is used by the corporation for public purposes.
(d) A nonprofit corporation formed under this section has the same powers as a development corporation under § 221.030.
(e) A nonprofit corporation formed under this section shall comply with Chapter 2258, Government Code, in the same manner and to the same extent that the authority is required to comply with that chapter.

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