Texas Health and Safety Code 286.077 – Hospital Property, Facilities, and Equipment
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(a) The board shall determine:
(1) the type, number, and location of buildings required to establish and maintain an adequate hospital system; and
(2) the type of equipment necessary for hospital care.
(b) The board may:
(1) acquire property, facilities, and equipment for the district for use in the hospital system;
(2) mortgage or pledge the property, facilities, or equipment acquired as security for the payment of the purchase price;
(3) transfer by lease to physicians, individuals, companies, corporations, or other legal entities or acquire by lease district hospital facilities; and
(4) sell or otherwise dispose of district property, facilities, or equipment.
Terms Used In Texas Health and Safety Code 286.077
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: means real and personal property. See Texas Government Code 311.005