Texas Special District Local Laws Code 1121.106 – 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 health care district; and
(2) the type of equipment necessary to provide medical care in the district.
(b) The board may:
(1) acquire property, facilities, and equipment for use by the district;
(2) mortgage or pledge the property, facilities, or equipment as security for payment of the purchase price;
(3) sell or otherwise dispose of property, facilities, or equipment for the district; or
(4) lease hospital facilities for the district.
Terms Used In Texas Special District Local Laws Code 1121.106
- 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