Bill Text: TX HB797 | 2015-2016 | 84th Legislature | Enrolled

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Bill Title: Relating to the Hunt Memorial Hospital District; authorizing the issuance of bonds.

Sponsorship: Partisan Bill (Republican 2)

Status: (Enrolled - Dead) 2015-06-10 - Effective immediately [HB797 Detail]

Download: Texas-2015-HB797-Enrolled.html

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H.B. No. 797

AN ACT
relating to the Hunt Memorial Hospital District; authorizing the
issuance of bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1044.052, Special District Local Laws
Code, is amended to read as follows:
Sec. 1044.052. NOTICE OF ELECTION. Notice [At least 10 days
before the date] of an election of directors[, notice of the
election] shall be published in accordance with Section 4.003,
Election Code, [at least one time] in a newspaper of general
circulation in the district.
SECTION 2. Section 1044.053, Special District Local Laws
Code, is amended to read as follows:
Sec. 1044.053. BALLOT APPLICATION [PETITION]. A person who
wants to have the person's name printed on the ballot as a candidate
for director must file with the board secretary an application in
accordance with Chapter 144, Election Code [a petition requesting
that action. The petition must:
[(1) be signed by at least 25 registered voters who
reside in the district;
[(2) be filed at least 31 days before the date of the
election; and
[(3) specify the county commissioners precinct the
candidate wants to represent or specify that the candidate wants to
represent the district at large].
SECTION 3. Section 1044.103, Special District Local Laws
Code, is amended to read as follows:
Sec. 1044.103. MEDICAL FACILITIES; LEGISLATIVE INTENT. It
is the intent of the legislature that the people of Hunt County be
provided with the best and most modern health care available. To
achieve that intent, the district may locate [provide] a medical or
related facility in the city of Commerce, [and] in another area
[other areas] of Hunt County, or in another county if the board
finds that providing a facility is feasible and in the best interest
of district residents.
SECTION 4. Subchapter E, Chapter 1044, Special District
Local Laws Code, is amended by adding Sections 1044.206, 1044.207,
1044.208, and 1044.209 to read as follows:
Sec. 1044.206. REVENUE BONDS. (a) The board may issue
revenue bonds to:
(1) acquire, purchase, construct, repair, renovate,
or equip buildings or improvements for hospital purposes; or
(2) acquire sites to be used for hospital purposes.
(b) The bonds must be payable from and secured by a pledge of
all or part of the revenues derived from the operation of the
district's hospital system, including district facilities.
(c) The bonds may be additionally secured by a mortgage or
deed of trust lien on all or part of the district property.
(d) The bonds must be issued in the manner and in accordance
with the procedures and requirements prescribed by Sections
264.042, 264.043, 264.046, 264.047, 264.048, and 264.049, Health
and Safety Code, for issuance of revenue bonds by county hospital
authorities.
Sec. 1044.207. REFUNDING BONDS. (a) The board may issue
refunding bonds to refund outstanding indebtedness issued or
assumed by the district.
(b) A refunding bond may be:
(1) sold, with the proceeds of the refunding bond
applied to the payment of the outstanding indebtedness; or
(2) exchanged wholly or partly for not less than a
similar principal amount of outstanding indebtedness.
Sec. 1044.208. ADDITIONAL MEANS OF SECURING REPAYMENT OF
BONDS. In addition to the authority to issue general obligation
bonds and revenue bonds under this subchapter, the board may
provide for the security and payment of district bonds from a pledge
of a combination of ad valorem taxes as authorized by Section
1044.202 and revenue and other sources authorized by Section
1044.206.
Sec. 1044.209. USE OF BOND PROCEEDS. The district may use
the proceeds of bonds issued under this subchapter to pay:
(1) any expense the board determines is reasonable and
necessary to issue, sell, and deliver the bonds;
(2) interest payments on the bonds during a period of
acquisition or construction of a project or facility to be provided
through the bonds, not to exceed five years;
(3) costs related to the financing of the bond funds,
including debt service reserve and contingency funds;
(4) costs related to the bond issuance;
(5) costs related to the acquisition of land or
interests in land for a project or facility to be provided through
the bonds; and
(6) costs of construction of a project or facility to
be provided through the bonds, including the payment of related
professional services and expenses.
SECTION 5. 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, 2015.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 797 was passed by the House on April
16, 2015, by the following vote: Yeas 144, Nays 2, 2 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 797 was passed by the Senate on May
20, 2015, by the following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor