Texas 2009 - 81st Regular

Texas Senate Bill SB1792 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	81R11243 ALB-F
2	2	By: Duncan S.B. No. 1792
3	3
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5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the powers and duties of the Reagan Hospital District.
8	8	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
9	9	SECTION 1. Section 6, Chapter 29, Acts of the 65th
10	10	Legislature, Regular Session, 1977, is amended by adding Subsection
11	11	(e-1) to read as follows:
12	12	(e-1) The board may employ physicians or other health care
13	13	providers as the board considers necessary for the efficient
14	14	operation of the district. This section may not be construed as
15	15	authorizing the board to supervise or control the practice of
16	16	medicine, as prohibited by Subtitle B, Title 3, Occupations Code.
17	17	SECTION 2. Chapter 29, Acts of the 65th Legislature,
18	18	Regular Session, 1977, is amended by adding Section 7A to read as
19	19	follows:
20	20	Sec. 7A. (a) The board may borrow money at a rate not to
21	21	exceed the maximum annual percentage rate allowed by law for
22	22	district obligations at the time the loan is made.
23	23	(b) To secure a loan, the board may pledge:
24	24	(1) district revenue that is not pledged to pay the
25	25	district's bonded indebtedness;
26	26	(2) a district tax to be imposed by the district during
27	27	the 12-month period following the date of the pledge that is not
28	28	pledged to pay the principal of or interest on district bonds; or
29	29	(3) a district bond that has been authorized but not
30	30	sold.
31	31	(c) A loan for which taxes or bonds are pledged must mature
32	32	not later than the first anniversary of the date the loan is made. A
33	33	loan for which district revenue is pledged must mature not later
34	34	than the fifth anniversary of the date the loan is made.
35	35	SECTION 3. Chapter 29, Acts of the 65th Legislature,
36	36	Regular Session, 1977, is amended by adding Sections 9A and 9B to
37	37	read as follows:
38	38	Sec. 9A. In addition to the authority to issue general
39	39	obligation bonds and revenue bonds under this Act, the board may
40	40	provide for the security and payment of district bonds from a pledge
41	41	of a combination of ad valorem taxes as authorized by Section 8 of
42	42	this Act and revenue and other sources as authorized by Section 9 of
43	43	this Act.
44	44	Sec. 9B. The district may use the proceeds of bonds issued
45	45	under this Act to pay:
46	46	(1) any expense the board determines is reasonable and
47	47	necessary to issue, sell, and deliver the bonds;
48	48	(2) interest payments on the bonds during a period of
49	49	acquisition or construction of a project or facility to be provided
50	50	through the bonds, not to exceed five years;
51	51	(3) costs related to the operation and maintenance of
52	52	a project or facility to be provided through the bonds:
53	53	(A) during an estimated period of acquisition or
54	54	construction, not to exceed five years; and
55	55	(B) for one year after the project or facility is
56	56	acquired or constructed;
57	57	(4) costs related to the financing of the bond funds,
58	58	including debt service reserve and contingency funds;
59	59	(5) costs related to the bond issuance;
60	60	(6) costs related to the acquisition of land or
61	61	interests in land for a project or facility to be provided through
62	62	the bonds; and
63	63	(7) costs of construction of a project or facility to
64	64	be provided through the bonds, including the payment of related
65	65	professional services and expenses.
66	66	SECTION 4. This Act takes effect immediately if it receives
67	67	a vote of two-thirds of all the members elected to each house, as
68	68	provided by Section 39, Article III, Texas Constitution. If this
69	69	Act does not receive the vote necessary for immediate effect, this
70	70	Act takes effect September 1, 2009.