Texas 2009 - 81st Regular

Texas House Bill HB781 Compare Versions

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1	1	H.B. No. 781
2	2
3	3
4	4	AN ACT
5	5	relating to the Electra Hospital District.
6	6	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
7	7	SECTION 1. Section 1025.051, Special District Local Laws
8	8	Code, as effective April 1, 2009, is amended to conform to Section
9	9	1, Chapter 792, Acts of the 80th Legislature, Regular Session,
10	10	2007, to read as follows:
11	11	Sec. 1025.051. BOARD ELECTION; TERM. The district is
12	12	governed by a board of seven directors elected at large by place for
13	13	staggered three-year terms. A director's election shall be held
14	14	each year on the May uniform election date prescribed by Section
15	15	41.001, Election Code. [(a) The board consists of seven directors
16	16	elected from the district at large.
17	17	[(b) Directors serve staggered two-year terms unless
18	18	four-year terms are established under Section 285.081, Health and
19	19	Safety Code.]
20	20	SECTION 2. Subchapter D, Chapter 1025, Special District
21	21	Local Laws Code, as effective April 1, 2009, is amended by adding
22	22	Section 1025.161 to read as follows:
23	23	Sec. 1025.161. AUTHORITY TO BORROW MONEY; SECURITY. (a)
24	24	The board may borrow money at a rate not to exceed the maximum
25	25	annual percentage rate allowed by law for district obligations at
26	26	the time the loan is made.
27	27	(b) To secure a loan, the board may pledge:
28	28	(1) district revenue that is not pledged to pay the
29	29	district's bonded indebtedness;
30	30	(2) a district tax to be imposed by the district during
31	31	the 12-month period following the date of the pledge that is not
32	32	pledged to pay the principal of or interest on district bonds; or
33	33	(3) a district bond that has been authorized but not
34	34	sold.
35	35	(c) A loan for which taxes or bonds are pledged must mature
36	36	not later than the first anniversary of the date the loan is made. A
37	37	loan for which district revenue is pledged must mature not later
38	38	than the fifth anniversary of the date the loan is made.
39	39	SECTION 3. Subchapter E, Chapter 1025, Special District
40	40	Local Laws Code, as effective April 1, 2009, is amended by adding
41	41	Sections 1025.209 and 1025.210 to read as follows:
42	42	Sec. 1025.209. ADDITIONAL MEANS OF SECURING REPAYMENT OF
43	43	BONDS. In addition to the authority to issue general obligation
44	44	bonds and revenue bonds under this subchapter, the board may
45	45	provide for the security and payment of district bonds from a pledge
46	46	of a combination of ad valorem taxes as authorized by Section
47	47	1025.202 and revenue and other sources authorized by Section
48	48	1025.206.
49	49	Sec. 1025.210. USE OF BOND PROCEEDS. The district may use
50	50	the proceeds of bonds issued under this subchapter to pay:
51	51	(1) any expense the board determines is reasonable and
52	52	necessary to issue, sell, and deliver the bonds;
53	53	(2) interest payments on the bonds during a period of
54	54	acquisition or construction of a project or facility to be provided
55	55	through the bonds, not to exceed five years;
56	56	(3) costs related to the operation and maintenance of
57	57	a project or facility to be provided through the bonds:
58	58	(A) during an estimated period of acquisition or
59	59	construction, not to exceed five years; and
60	60	(B) for one year after the project or facility is
61	61	acquired or constructed;
62	62	(4) costs related to the financing of the bond funds,
63	63	including debt service reserve and contingency funds;
64	64	(5) costs related to the bond issuance;
65	65	(6) costs related to the acquisition of land or
66	66	interests in land for a project or facility to be provided through
67	67	the bonds; and
68	68	(7) costs of construction of a project or facility to
69	69	be provided through the bonds, including the payment of related
70	70	professional services and expenses.
71	71	SECTION 4. (a) The members of the board of directors of the
72	72	Electra Hospital District serving on the effective date of this Act
73	73	shall draw lots to determine in which place each director serves.
74	74	The four directors whose terms expire in 2010 shall draw lots for
75	75	Places 4, 5, 6, and 7. The three directors whose terms expire in
76	76	2011 shall draw lots for Places 1, 2, and 3.
77	77	(b) The election of the board of directors to be held in May
78	78	2010 must be held, and the directors elected for Places 4 and 5 at
79	79	that election shall serve three-year terms. The directors elected
80	80	for Places 6 and 7 at that election shall serve two-year terms.
81	81	(c) The directors elected at the election to be held in May
82	82	2011, May 2012, and May 2013 shall serve three-year terms.
83	83	SECTION 5. This Act takes effect immediately if it receives
84	84	a vote of two-thirds of all the members elected to each house, as
85	85	provided by Section 39, Article III, Texas Constitution. If this
86	86	Act does not receive the vote necessary for immediate effect, this
87	87	Act takes effect September 1, 2009.
88	88	______________________________ ______________________________
89	89	President of the Senate Speaker of the House
90	90	I certify that H.B. No. 781 was passed by the House on May 12,
91	91	2009, by the following vote: Yeas 149, Nays 0, 1 present, not
92	92	voting.
93	93	______________________________
94	94	Chief Clerk of the House
95	95	I certify that H.B. No. 781 was passed by the Senate on May
96	96	27, 2009, by the following vote: Yeas 31, Nays 0.
97	97	______________________________
98	98	Secretary of the Senate
99	99	APPROVED: _____________________
100	100	Date
101	101	_____________________
102	102	Governor