1004.114 – NONPROFIT CORPORATION. (a) The district may
Texas Special District Local Laws Code § 1004.114
Summary
This law allows a district to establish and support a nonprofit corporation to provide authorized services, including healthcare. The district can contribute funds and solicit donations for the corporation's activities.
Districts can create nonprofit corporations for authorized services.
Funds must be used for healthcare or related services.
Nonprofits can invest money similarly to the district's investment options.
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In simple terms: Learn about Texas's NONPROFIT CORPORATION. (a) The district may law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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