Special District Local Laws Code § 1062.107

Sec. 1062.107. DISTRICT PROPERTY, FACILITIES, AND EQUIPMENT. (a) The board shall determine the type, number, and location of buildings required to maintain an adequate hospital system. Nothing here prohibits the establishing and equipping of a clinic as a part of the hospital system. (b) The board may: (1) purchase or lease property, including facilities and equipment, for the district to use in the hospital system; and (2) mortgage or pledge the property as security for the payment of the purchase price. (c) The board may lease district hospital facilities to individuals, corporations, or other legal entities. (d) The board may sell or otherwise dispose of the district's property, including facilities and equipment. (e) 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. A contract entered into under this subsection must provide that the entire obligation be retired not later than the fifth anniversary of the date of the contract. Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.