Tex. Health and Safety Code § 221.011
This is the official text of Tex. Health and Safety Code § 221.011, part of Texas’s Health and Safety Code — covers public health and safety regulation.
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§ 221.011. AUTHORITY TO CREATE.
Official statutory text
(a) A sponsoring entity may create one or more nonmember, nonstock development corporations for the sole public purpose of acquiring, constructing, providing, improving, financing, and refinancing a health facility to assist the maintenance of public health.
(b) The sponsoring entity may use the development corporation to:
(1) provide a health facility to promote and develop health care, research, and education for the public purpose of promoting the health and welfare of state citizens; and
(2) issue bonds on the sponsoring entity's behalf to finance the cost of the health facility.
(c) The sponsoring entity may not lend its credit or grant public money or other thing of value in aid of a development corporation.
(b) The sponsoring entity may use the development corporation to:
(1) provide a health facility to promote and develop health care, research, and education for the public purpose of promoting the health and welfare of state citizens; and
(2) issue bonds on the sponsoring entity's behalf to finance the cost of the health facility.
(c) The sponsoring entity may not lend its credit or grant public money or other thing of value in aid of a development corporation.
Status: in_force · Read it on the official government site
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