Tex. Special District Local Laws Code § 1025.1145
NONPROFIT CORPORATION
Texas · Texas Special District Local Laws Code · Status: effective
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- Citation
- Tex. Special District Local Laws Code § 1025.1145, NONPROFIT CORPORATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/586147
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Full text
(a) The district may create and sponsor a nonprofit corporation under the Business Organizations Code and may contribute money to or solicit money for the corporation.
(b) The corporation may use money contributed by the district only to provide health care or other services the district is authorized to provide under this chapter.
(c) The corporation may enter into a joint venture with any public or private entity or individual to provide health care or other services the district is authorized to provide under this chapter.
(d) The corporation may invest the corporation's money in any manner in which the district may invest the district's money, including investing money as authorized by Chapter 2256, Government Code.
(e) The board shall establish controls to ensure that the corporation uses its money as required by this section.