Bill Text: TX SB233 | 2013-2014 | 83rd Legislature | Enrolled
Bill Title: Relating to the use of funds of certain municipal hospital authorities.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2013-05-24 - Effective on 9/1/13 [SB233 Detail]
Download: Texas-2013-SB233-Enrolled.html
S.B. No. 233 |
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relating to the use of funds of certain municipal hospital | ||
authorities. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter C, Chapter 262, Health and Safety | ||
Code, is amended by adding Sections 262.0331 and 262.039 to read as | ||
follows: | ||
Sec. 262.0331. EXPENDITURE OF FUNDS FOR PUBLIC HEALTH | ||
INITIATIVES AFTER SALE OR CLOSING OF HOSPITAL. (a) If, after the | ||
sale or closing of a hospital under Section 262.033, the authority | ||
does not own or operate a hospital, the board may use the | ||
authority's available assets to promote public health and general | ||
welfare initiatives that the board determines will benefit the | ||
residents served by the authority, including: | ||
(1) owning, operating, or funding an indigent health | ||
care clinic, medical research facility, medical training facility, | ||
or other health care facility; | ||
(2) providing direct or indirect financial assistance | ||
to a nonprofit organization that: | ||
(A) owns or operates a hospital, indigent health | ||
care clinic, medical research facility, medical training facility, | ||
or other health care facility; or | ||
(B) supports an initiative promoting health | ||
education, wellness, or disease prevention; and | ||
(3) undertaking any other activity that the board | ||
determines is necessary or appropriate to improve public health, | ||
promote wellness, prevent disease, or enhance the general welfare | ||
of the residents served by the authority. | ||
(b) The board may not make an expenditure under Subsection | ||
(a) unless: | ||
(1) the board makes appropriate provisions for the | ||
satisfaction of any outstanding bonds, debt obligations, or other | ||
liabilities of the authority; | ||
(2) the predominant purpose of the expenditure is to | ||
promote the public health and general welfare of the residents | ||
served by the authority; and | ||
(3) the board establishes sufficient controls to | ||
ensure that the expenditure promotes the public health and general | ||
welfare of the residents served by the authority. | ||
Sec. 262.039. INVESTMENT OF AUTHORITY FUNDS. (a) This | ||
section applies only to an authority that: | ||
(1) is located in a county of 3.3 million or more; | ||
(2) has no outstanding bonds issued under Subchapter | ||
D; and | ||
(3) does not own or operate a hospital. | ||
(b) Notwithstanding any other law, an authority may invest | ||
authority funds: | ||
(1) as provided by Chapter 2256, Government Code; and | ||
(2) in any investment a trustee is authorized to make | ||
under Subtitle B, Title 9, Property Code. | ||
SECTION 2. This Act takes effect September 1, 2013. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I hereby certify that S.B. No. 233 passed the Senate on | ||
April 4, 2013, by the following vote: Yeas 31, Nays 0. | ||
______________________________ | ||
Secretary of the Senate | ||
I hereby certify that S.B. No. 233 passed the House on | ||
May 8, 2013, by the following vote: Yeas 147, Nays 0, two present | ||
not voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
Approved: | ||
______________________________ | ||
Date | ||
______________________________ | ||
Governor |