1. (a) The board shall determine:

   1. (1) the type, number, and location of buildings required to establish and maintain an adequate hospital system; and
   2. (2) the type of equipment necessary for hospital care.

2. (b) The board may:

   1. (1) acquire property, facilities, and equipment for the district for use in the hospital system;
   2. (2) mortgage or pledge the property, facilities, or equipment acquired as security for the payment of the purchase price;
   3. (3) transfer by lease to physicians, individuals, companies, corporations, or other legal entities or acquire by lease district hospital facilities; and
   4. (4) sell or otherwise dispose of district property, facilities, or equipment.

Added by Acts 1991, 72nd Leg., ch. 14, Sec. 121, eff. Sept. 1, 1991.