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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A person may not be elected or appointed to an elected position on the board unless the person is:
(1) a resident of the district; and
(2) a qualified voter.
(b) In addition to the requirements prescribed by Subsection (a), a person is not eligible to serve as a director if the person:
(1) directly or indirectly has an ownership or investment interest in a health care facility located in Palo Pinto County; or
(2) directly or in conjunction with another person or entity has an ownership interest in another business or entity that:
(A) is related to health care; and
(B) provides a good or service to the area served by the district that is the same as or substantially similar to a good or service provided by the district.
(c) Subsection (b) does not apply to:
(1) an ownership or investment interest in publicly available shares of a registered investment company, such as a mutual fund, that owns publicly traded equity securities or debt obligations issued by:
(A) a health care facility;
(B) a business or entity described by Subsection (b); or
(C) an entity that owns the health care facility, business, or entity; or
(2) a physician's ownership interest in the physician's own medical practice. (Acts 59th Leg., R.S., Ch. 84, Secs. 4(a) (part), (a-1), (a-2).)
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1084.053. Qualifications for Office - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1084-053/
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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