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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) In this section, “long-term lease” means a lease for a term that exceeds 10 years.
(b) The board may not sell a hospital owned and operated by the district, including real property, or lease the hospital under a long-term lease that relinquishes control of the hospital to the lessee unless:
(1) the agreement for the sale or lease of the hospital provides for indigent care in the district;
(2) in the event of a sale of the hospital, the board has published notice of the proposed sale twice in a newspaper with general circulation in Moore County, with the first publication occurring not later than the 61st day before the date of the proposed sale, and the second publication occurring not earlier than the 30th day or later than the eighth day before the date of the proposed sale; and
(3) the majority of the votes cast by district voters at an election held for that purpose approve the sale or lease, as appropriate.
(c) Notice required by Subsection (b)(2) must include the:
(1) date of the proposed sale;
(2) name and address of the proposed buyer; and
(3) proposed purchase price. (Acts 61st Leg., R.S., Ch. 287, Sec. 25.)
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1064.116. Sale or Lease of Hospital - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1064-116/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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