Pursuant to the Health Facilities Development Act [Chapter 221 of the Texas Health and Safety Code (the “HFDC Act”)], a sponsoring entity, including a municipality, may create one or more nonmember, nonstock development corporations for the sole public purpose of acquiring, constructing, providing, improving, financing, and refinancing a health facility to assist in the maintenance of public health. In accomplishing that goal, the sponsoring entity (e.g., the City) may use an HFDC to: (1) provide a health facility to promote and develop health care, research, and education for the public purpose of promoting the health and welfare of Texas citizens; and (2) issue bonds on the sponsoring entity's behalf to finance the cost of the health facility.

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The City of Keene is pleased to have this corporation established and offer an option for health facility developers.  The Keene Health Facilities Development Corporation's board members are as follows: