By: Chisum (Senate Sponsor - Duncan) H.B. No. 1413
(In the Senate - Received from the House April 18, 2011;
April 20, 2011, read first time and referred to Committee on
Intergovernmental Relations; May 20, 2011, reported adversely,
with favorable Committee Substitute by the following vote: Yeas 5,
Nays 0; May 20, 2011, sent to printer.)
COMMITTEE SUBSTITUTE FOR H.B. No. 1413 By: Nichols
A BILL TO BE ENTITLED
AN ACT
relating to the powers and duties of the Castro County Hospital
District.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1013.052, Special District Local Laws
Code, is amended to read as follows:
Sec. 1013.052. NOTICE OF ELECTION. Notice [Not earlier
than the 30th day or later than the 10th day before the date] of an
election of directors [, notice of the election] shall be published
[one time] in a newspaper of general circulation in Castro County in
accordance with Section 4.003, Election Code.
SECTION 2. Subchapter E, Chapter 1013, Special District
Local Laws Code, is amended by adding Sections 1013.209 and
1013.210 to read as follows:
Sec. 1013.209. 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
1013.202 and revenue and other sources authorized by Section
1013.206.
Sec. 1013.210. 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 operation and maintenance of
a project or facility to be provided through the bonds:
(A) during an estimated period of acquisition or
construction, not to exceed five years; and
(B) for one year after the project or facility is
acquired or constructed;
(4) costs related to the financing of the bond funds,
including debt service reserve and contingency funds;
(5) costs related to the bond issuance;
(6) costs related to the acquisition of land or
interests in land for a project or facility to be provided through
the bonds; and
(7) costs of construction of a project or facility to
be provided through the bonds, including the payment of related
professional services and expenses.
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, 2011.
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