Bill Text: TX SB1908 | 2015-2016 | 84th Legislature | Enrolled
Bill Title: Relating to the issuance of general obligation bonds by the Lynn County Hospital District.
Sponsorship: Partisan Bill (Republican 2)
Status: (Enrolled - Dead) 2015-06-18 - Effective immediately [SB1908 Detail]
Download: Texas-2015-SB1908-Enrolled.html
| S.B. No. 1908 | ||
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| relating to the issuance of general obligation bonds by the Lynn | ||
| County Hospital District. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter E, Chapter 1054, Special District | ||
| Local Laws Code, is amended by adding Section 1054.2025 to read as | ||
| follows: | ||
| Sec. 1054.2025. GENERAL OBLIGATION BOND ELECTION. (a) The | ||
| district may issue general obligation bonds only if the bonds are | ||
| authorized by a majority of the district voters voting at an | ||
| election held for that purpose. | ||
| (b) The order calling the election shall provide for clerks | ||
| as in county elections and must specify: | ||
| (1) the date of the election; | ||
| (2) the location of the polling places; | ||
| (3) the presiding and alternate election judges for | ||
| each polling place; | ||
| (4) the amount of the bonds to be authorized; | ||
| (5) the maximum interest rate of the bonds; and | ||
| (6) the maximum maturity of the bonds. | ||
| (c) Notice of a bond election shall be given as provided by | ||
| Section 1251.003, Government Code. | ||
| SECTION 2. Section 1054.2025, Special District Local Laws | ||
| Code, as added by this Act, applies only to general obligation bonds | ||
| issued by the Lynn County Hospital District on or after the | ||
| effective date of this Act. | ||
| SECTION 3. 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 hereby certify that S.B. No. 1908 passed the Senate on | ||
| May 20, 2015, by the following vote: Yeas 31, Nays 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.B. No. 1908 passed the House on | ||
| May 27, 2015, by the following vote: Yeas 144, Nays 0, two | ||
| present not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| Approved: | ||
| ______________________________ | ||
| Date | ||
| ______________________________ | ||
| Governor | ||
