Sec. 1084.053. QUALIFICATIONS FOR OFFICE. (a) A person may not be elected or appointed to an elected position on the board unless the person is:
(1) a resident of the district; and
(2) a qualified voter.
(b) In addition to the requirements prescribed by Subsection (a), a person is not eligible to serve as a director if the person:
(1) directly or indirectly has an ownership or investment interest in a health care facility located in Palo Pinto County; or
(2) directly or in conjunction with another person or entity has an ownership interest in another business or entity that:
(A) is related to health care; and
(B) provides a good or service to the area served by the district that is the same as or substantially similar to a good or service provided by the district.
(c) Subsection (b) does not apply to:
(1) an ownership or investment interest in publicly available shares of a registered investment company, such as a mutual fund, that owns publicly traded equity securities or debt obligations issued by:
(A) a health care facility;
(B) a business or entity described by Subsection (b); or
(C) an entity that owns the health care facility, business, or entity; or
(2) a physician's ownership interest in the physician's own medical practice.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
Section: Previous 1084.001 1084.002 1084.003 1084.004 1084.005 1084.051 1084.052 1084.053 1084.054 1084.055 1084.056 1084.057 1084.058 1084.059 1084.060 NextLast modified: September 28, 2016