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House Bill 2557 |
House Author: Zerwas |
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Effective: 6-9-15 |
Senate Sponsor: West |
House Bill 2557 amends the Health and Safety Code to authorize a charitable organization created by a hospital district in certain large counties to contract, collaborate, or enter into a joint venture or other agreement with a public or private entity without regard to that entity's for-profit or nonprofit status and to hold an ownership interest in such an entity. The bill additionally authorizes a hospital district in certain large counties, a combination of such districts, or a nonprofit corporation formed by such a district or combination of such districts to form a captive insurance company or a captive management company for the purpose of engaging in the business of insurance.