Tex. Spec. Dist. Local Laws Code § 1004.114 · Subchapter C. POWERS AND DUTIES
NONPROFIT CORPORATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
(a-1) Expired.
(b) A corporation created under this section 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 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.
(d) The board shall establish controls to ensure that the corporation uses its money as required by this section.
(e) Expired.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1004.htm
- Text hash
- sha256 22636cea1900e20af6f5c2d7233a3f6066a4895a261b4a687b35f47f53ca7bef
- 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
This section cites
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