Texas Health and Safety Code 287.024 – Funding
(a) Each county or hospital district that contracts with the district shall contribute to the district for its operation:
(1) a specified dollar amount from or a percentage of the contracting entity’s operating budget and reserves if the contracting entity is a hospital district;
(2) a specified percentage, not less than the percentage required under § 61.037 for state assistance, of the contracting entity’s general revenue levy for each state fiscal year for the term of the contract, if the contracting entity is a county;
(3) state assistance received under Chapter 61;
(4) federal matching funds received by a hospital district under the Medicaid disproportionate share program; and
(5) any funds that are:
(A) received under the Agreement Regarding Disposition of Settlement Proceeds dated July 18, 1998, or July 24, 1998, and filed in the United States District Court, Eastern District of Texas, in the case styled The State of Texas v. The American Tobacco Company, et al., No. 5-96CV-91; and
(B) received on or after the date on which the district is created and before the district is dissolved.
(b) The district shall maintain an accounting of the funds received from each county or hospital district that contracts with the district.
Terms Used In Texas Health and Safety Code 287.024
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
(c) The district may administer the financial contributions of all parties to the contract for district purposes.