Sec. 1053.152. RESOLUTION; SALE OR LEASE OF FACILITY. (a) Subject to Subsection (c) and the approval of the commissioners court, the board by resolution may order the sale or lease of a facility that is:
(1) owned and operated by the district as a teaching hospital; and
(2) located on the campus of Texas Tech University.
(b) The resolution must include a finding by the board that the sale or lease:
(1) is in the best interests of district residents; and
(2) will not financially benefit a hospital official, other than from the continuation of a compensation package existing before the date of the sale or lease.
(c) The board may sell or lease the facility only if:
(1) no hospital official has made a disclosure under Sections 1053.156 and 1053.157 at any time before the date of the sale or lease; and
(2) a majority of the votes cast at an election held under this subchapter approves the sale or lease.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
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