(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

ued 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.