Hospital districts.

Existing law authorizes a hospital district to transfer, at fair market value, any part of its assets to one or more nonprofit corporations to operate and maintain the assets. Existing law also authorizes the hospital district to transfer, for the benefit of the communities served by the district, in the absence of adequate consideration, any part of the assets of the district to one or more nonprofit corporations to operate and maintain the assets. Existing law requires, before any transfer of 50% or more of the district's assets to one or more corporations, a measure proposing the transfer to be submitted to the voters of that district.