- (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) The corporation 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 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.