Tex. Health & Safety Code § 223.011 · Subchapter B. FINANCING HOSPITAL PROJECTS
PROVIDING HOSPITAL PROJECTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An issuer acting for itself or through a nonprofit organization may provide one or more hospital projects by acquisition, construction, or improvement. An acquisition may occur by purchase, devise, gift, lease, or a combination of those methods.
(b) A hospital project must be located in this state and within or partially within the issuer's boundaries, except that a hospital project of a municipality may be located:
(1) outside the municipality's limits if it is within the municipality's extraterritorial jurisdiction; or
(2) in another municipality if the governing body of the other municipality consents to the former municipality's provision of the project.
(c) An issuer may only acquire a hospital project from a nonprofit organization that has been in existence and has operated the hospital project for at least three years before the date of acquisition by the issuer.
(d) An issuer must affirmatively find that the cost of an acquired hospital project is not more than:
(1) the actual audited cost of the hospital project to the date of acquisition; or
(2) the fair market value of the hospital project at the date of acquisition as determined by an appraisal obtained by the issuer.
Notes and commentary — not statutory text
History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.223.htm
- Text hash
- sha256 7763fccaed2ee1b31173ae7aa2588ca59a2fce52bd2469d984e0e21fdd598717
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Health & Safety Code § 223.011. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.