GroundRules
Tex. Health and Safety Code § 221.034: NET EARNINGS.
Where this section sits in the code
- HEALTH AND SAFETY CODE
- TITLE 4. HEALTH FACILITIES
- SUBTITLE A. FINANCING, CONSTRUCTING, REGULATING, AND INSPECTING HEALTH FACILITIES
- CHAPTER 221. HEALTH FACILITIES DEVELOPMENT ACT
- SUBCHAPTER B. CREATION AND OPERATION OF DEVELOPMENT CORPORATION
A development corporation is a nonprofit corporation, and no part of its net earnings remaining after payment of its bonds and expenses of accomplishing its public purpose may benefit a person other than the sponsoring entity.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Collected 2026-08-27T01:47:17Z. Source file · JSON