(a) A health care provider participation district created under Chapter 300A may operate under and be governed by the provisions of this chapter instead of Chapter 300A if:
(1) each local government that jointly created the district adopts a concurrent order authorizing the district to operate under and be governed by the provisions of this chapter; and
(2) the district's board ratifies the concurrent order adopted by each participating local government.
(b) A concurrent order authorizing a district to operate under this chapter must:
(1) be approved by the governing body of each participating local government;
(2) contain provisions that are identical to the provisions of the concurrent order adopted by each other participating local government;
(3) affirm that the district's territory is the area contained within the boundaries of each participating local government; and
(4) provide that the district begins to operate under this chapter immediately on the expiration of the district's authority to administer and operate a program under Chapter 300A.