Texas Special District Local Laws Code
Sec. § 1069.111
Nonprofit Corporation


(a)

The board, on the districts behalf, 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, other than money the corporation pays to 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 corporations money in any manner in which the district may invest the districts money, including investing money as authorized by Chapter 2256, Government Code.

(d)

The board shall establish adequate controls to ensure that the corporation uses its money as required by this section.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
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Last accessed
Aug. 18, 2019