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AN ACT
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relating to procedures for the dissolution of a county hospital |
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authority. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 264, Health and Safety |
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Code, is amended by adding Section 264.004 to read as follows: |
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Sec. 264.004. DISSOLUTION. (a) The commissioners court of |
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a county by order may dissolve an authority created by the |
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commissioners court if the commissioners court and the authority |
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provide for the sale or transfer of the authority's assets and |
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liabilities to the county. |
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(b) The dissolution of an authority and the sale or transfer |
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of the authority's assets and liabilities may not: |
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(1) violate a trust indenture or bond resolution |
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relating to the outstanding bonds of the authority; or |
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(2) diminish or impair the rights of the holders of |
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outstanding bonds, warrants, or other obligations of the authority. |
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(c) An order dissolving an authority takes effect on the |
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31st day after the date the commissioners court adopts the order. |
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(d) All records of the authority remaining when the |
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authority is dissolved shall be transferred to the county clerk of |
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the county in which the authority is located. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2017. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 594 was passed by the House on April |
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20, 2017, by the following vote: Yeas 144, Nays 0, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 594 was passed by the Senate on May |
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19, 2017, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |