(a) The authority may construct, acquire, own, operate, enlarge, improve, furnish, equip, or provide the following facilities and services to care for the disabled or the elderly:
(1) a nursing home or similar long-term care facility;
(2) elderly housing;
(3) assisted living services;
(4) home health care;
(5) personal care;
(6) special care;
(7) continuing care; or
(8) durable medical equipment.
(b) The authority may lease or enter into an operations or management agreement to care for the disabled or the elderly under Subsection (a).

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Terms Used In Texas Health and Safety Code 264.034

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

(c) The authority may sell, transfer, otherwise convey, or close all or part of a facility described by Subsection (a) and discontinue a service described by Subsection (a).
(d) The authority may issue revenue bonds, notes, and time warrants as provided by this chapter to acquire, construct, or improve a facility described by Subsection (a).
(e) For purposes of Chapter 223, a facility or service described by Subsection (a) is a hospital project.