Texas Special District Local Laws Code 1005.108 – District Property, Facilities, and Equipment
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(a) The board shall determine:
(1) the type, number, and location of buildings required to maintain an adequate hospital system; and
(2) the type of equipment necessary to furnish health care to district residents.
(b) The board may:
(1) acquire property, facilities, and equipment for the district for use in the hospital system; and
(2) mortgage or pledge the property, facilities, or equipment acquired as security for the payment of the purchase price.
Terms Used In Texas Special District Local Laws Code 1005.108
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: means real and personal property. See Texas Government Code 311.005
(c) The board may lease the hospital system for the district.
(d) The board may sell or otherwise dispose of property, facilities, or equipment for the district.