- (a) The district may create and sponsor a nonprofit corporation under the Business Organizations Code and may contribute money to or solicit money for the corporation.
- (a-1) Expired.
- (b) A corporation created under this section may use money contributed by the district only to provide health care or other services the district is authorized to provide under this chapter.
- (c) The corporation may invest the corporation's money in any manner in which the district may invest the district's money, including investing money as authorized by Chapter 2256, Government Code.
- (d) The board shall establish controls to ensure that the corporation uses its money as required by this section.
- (e) Expired.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.