| 1 | 1 | | By: Hefner H.B. No. 5664 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | |
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| 6 | 6 | | A BILL TO BE ENTITLED |
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| 7 | 7 | | AN ACT |
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| 8 | 8 | | relating to the operation of Wood County Central Hospital District |
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| 9 | 9 | | of Wood County, Texas. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Section 1116.051(a), Special District Local Laws |
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| 12 | 12 | | Code, is amended to read as follows: |
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| 13 | 13 | | (a) The board consists of seven [six] directors elected from |
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| 14 | 14 | | the district at large unless the boundaries of the district are |
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| 15 | 15 | | expanded under Subchapter G or H. |
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| 16 | 16 | | SECTION 2. Section 1116.154, Special District Local Laws |
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| 17 | 17 | | Code, is amended to read as follows: |
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| 18 | 18 | | Sec. 1116.154. [ANNUAL] AUDIT. [(a)] The board [annually] |
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| 19 | 19 | | shall require an independent audit of the district's books and |
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| 20 | 20 | | records as determined necessary by the board, but in no event less |
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| 21 | 21 | | often than every three years. |
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| 22 | 22 | | [(b) Not later than December 1 of each year, the board shall |
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| 23 | 23 | | file a copy of the audit with: (1) the comptroller; and (2) the |
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| 24 | 24 | | district.] |
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| 25 | 25 | | SECTION 3. Section 1116.155, Special District Local Laws |
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| 26 | 26 | | Code, is amended to read as follows: |
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| 27 | 27 | | Sec. 1116.155. DEPOSITORY. (a) The board by resolution |
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| 28 | 28 | | shall select one or more banks inside or outside the district to |
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| 29 | 29 | | serve [designate a bank in Wood County] as the district's |
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| 30 | 30 | | depository. [A designated bank serves for two years and until a |
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| 31 | 31 | | successor is designated.] |
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| 32 | 32 | | (b) All district money, other than money invested as |
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| 33 | 33 | | provided by Section 1116.156, shall be deposited in the depository |
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| 34 | 34 | | and secured in the manner provided for securing county funds. |
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| 35 | 35 | | SECTION 4. Chapter 1116, Special District Local Laws Code, |
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| 36 | 36 | | is amended by adding Section 1116.156 to read as follows: |
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| 37 | 37 | | Sec. 1116.156. INVESTMENT RESTRICTIONS. The board may |
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| 38 | 38 | | invest district funds only in funds or securities specified by |
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| 39 | 39 | | Chapter 2256, Government Code. |
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| 40 | 40 | | SECTION 5. Following the effective date of this Act, the |
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| 41 | 41 | | board shall appoint a temporary director to serve until the date of |
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| 42 | 42 | | the regular election of directors in 2026. |
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| 43 | 43 | | SECTION 6. This Act takes effect immediately if it receives |
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| 44 | 44 | | a vote of two-thirds of all the members elected to each house, as |
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| 45 | 45 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 46 | 46 | | Act does not receive the vote necessary for immediate effect, this |
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| 47 | 47 | | Act takes effect September 1, 2025. |
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