Bill Text: TX HB594 | 2017-2018 | 85th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to procedures for the dissolution of a county hospital authority.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2017-05-26 - Effective immediately [HB594 Detail]
Download: Texas-2017-HB594-Introduced.html
Bill Title: Relating to procedures for the dissolution of a county hospital authority.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2017-05-26 - Effective immediately [HB594 Detail]
Download: Texas-2017-HB594-Introduced.html
85R5258 MEW-D | ||
By: VanDeaver | H.B. No. 594 |
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relating to procedures for the dissolution of a county hospital | ||
authority. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter A, Chapter 264, Health and Safety | ||
Code, is amended by adding Section 264.004 to read as follows: | ||
Sec. 264.004. DISSOLUTION. (a) The commissioners court of | ||
a county by order may dissolve an authority created by the | ||
commissioners court if the commissioners court and the authority | ||
provide for the sale or transfer of the authority's assets and | ||
liabilities to the county. | ||
(b) The dissolution of an authority and the sale or transfer | ||
of the authority's assets and liabilities may not: | ||
(1) violate a trust indenture or bond resolution | ||
relating to the outstanding bonds of the authority; or | ||
(2) diminish or impair the rights of the holders of | ||
outstanding bonds, warrants, or other obligations of the authority. | ||
(c) An order dissolving an authority takes effect on the | ||
31st day after the date the commissioners court adopts the order. | ||
(d) All records of the authority remaining when the | ||
authority is dissolved shall be transferred to the district clerk | ||
of the county in which the authority is located. | ||
SECTION 2. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2017. |