81st Texas Legislature, Regular Session, House Bill 2619, Chapter 1139 Page: 75 of 950
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H.B. No. 2619
1 (b) The board may lease all or part of the district's
2 buildings and other facilities on terms considered to be in the best
3 interest of the district's inhabitants. Except as provided by
4 Subsection (c), the term of a lease may not exceed 25 years from the
5 date entered.
6 (c) District land may not be leased for a period exceeding
7 25 years unless the board:
8 (1) finds that the land is not necessary for health
9 care or hospital purposes;
10 (2) complies with any indenture securing the payment
11 of district bonds; and
12 (3) receives not less than the current market value
13 for the lease.
14 (d) The district may acquire equipment for use in the
15 district's health care or hospital system and mortgage or pledge
16 the property as security for the payment of the purchase price. A
17 contract entered into under this subsection must provide that the18 entire obligation be retired not later than the fifth anniversary
19 of the date of the contract.
20 (e) The district may sell or otherwise dispose of any
21 property, including equipment, on terms the board finds are in the
22 best interest of the district's inhabitants. The board must comply
23 with Section 272.001, Local Government Code, when selling district
24 land other than land the district is authorized to sell or exchange
25 under Subsection (f).
26 (f) The district may sell or exchange a hospital, including
27 real property necessary or convenient for the operation of the75
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Texas. Legislature. House of Representatives. 81st Texas Legislature, Regular Session, House Bill 2619, Chapter 1139, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth148576/m1/75/: accessed April 23, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.