Bill Text: TX HB571 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the use of funds of certain municipal hospital authorities.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2013-05-08 - Laid on the table subject to call [HB571 Detail]
Download: Texas-2013-HB571-Introduced.html
| 83R3594 MEW-F | ||
| By: Fletcher | H.B. No. 571 | |
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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. | ||
