Texas Special District Local Laws Code 1039.107 – District Property, Facilities, Equipment, and Services
Current as of: 2024 | Check for updates
|
Other versions
(a) The board shall determine the type, number, and location, either inside or outside the district, of facilities and services required to maintain an adequate hospital system and ancillary health care system.
(b) The board may:
(1) acquire by lease, purchase, or lease to purchase property, including facilities, supplies, and equipment, for the district for use in the hospital system and ancillary health care system; and
(2) mortgage or pledge the property as security for the payment of the purchase price.
Terms Used In Texas Special District Local Laws Code 1039.107
- 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, sell, or otherwise dispose of all or part of the district’s property of any nature, including the district’s hospital, ancillary health care or other facilities, buildings, supplies, or equipment, to a public or private entity on terms the board finds are in the best interest of the district’s inhabitants.