Texas Special District Local Laws Code 1108.106 – District Property, Facilities, and Equipment
Current as of: 2024 | Check for updates
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(a) The board shall determine the type, number, and location of buildings required to maintain an adequate hospital system.
(b) The board may lease all or part of the district’s facilities on terms considered to be in the best interest of the district’s inhabitants.
Terms Used In Texas Special District Local Laws Code 1108.106
- 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 district may acquire equipment for use in the district’s hospital system and mortgage or pledge the property as security for the payment of the purchase price.
(d) The district may sell or otherwise dispose of any property, including equipment, on terms the board finds are in the best interest of the district’s inhabitants.