Sec. 262.032.  SALE OF PROPERTY TO POLITICAL SUBDIVISION.  (a)  The authority may sell property to a political subdivision for the fair market value of the property.
(b)  The board must publish a notice of its intention to sell, a description of the property, and the scheduled date of sale in one or more newspapers of general circulation in the authority once a week for two consecutive weeks.  The first notice must be published not later than the 15th day before the scheduled sale date.
(c)  A petition requesting an election on the question of the sale, signed by at least 10 percent of the qualified voters residing in the authority, may be presented to the secretary or president of the board before the scheduled sale date.
(d)  The board shall order the election on receiving the petition.  If no petition is filed, the board may sell the property without an election or may order an election on its own motion.  The order must contain the same information contained in the notice of the election under Subsection (f).
(e)  Section 41.001(a), Election Code, requiring elections to be held on uniform election dates, does not apply to the election.
(f)  In addition to the contents of the notice required by the Election Code, the notice must state the names of the presiding judge, alternate judge, and clerks for each polling place.  The board shall publish notice of the election in one or more newspapers of general circulation in the authority once a week for two consecutive weeks.  The first notice must be published not later than the 31st day before election day.
(g)  The ballot shall be printed to provide for voting for or against the proposition: "The sale of ______ by the ____________ Hospital Authority."
(h)  If a majority of qualified voters who vote in the election favor the sale, the board may sell the property.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.