Bill Text: TX SB1908 | 2015-2016 | 84th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the issuance of general obligation bonds by the Lynn County Hospital District.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Enrolled - Dead) 2015-06-18 - Effective immediately [SB1908 Detail]
Download: Texas-2015-SB1908-Comm_Sub.html
Bill Title: Relating to the issuance of general obligation bonds by the Lynn County Hospital District.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Enrolled - Dead) 2015-06-18 - Effective immediately [SB1908 Detail]
Download: Texas-2015-SB1908-Comm_Sub.html
By: Perry | S.B. No. 1908 | |
(In the Senate - Filed March 13, 2015; March 25, 2015, read | ||
first time and referred to Committee on Intergovernmental | ||
Relations; May 12, 2015, reported adversely, with favorable | ||
Committee Substitute by the following vote: Yeas 7, Nays 0; | ||
May 12, 2015, sent to printer.) | ||
COMMITTEE SUBSTITUTE FOR S.B. No. 1908 | By: Taylor of Galveston |
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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. | ||
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