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House Bill 1307 |
House Author: Springer |
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Effective: 6-18-15 |
Senate Sponsor: Estes |
House Bill 1307 amends the Special District Local Laws Code to authorize the Gainesville Hospital District to mortgage or pledge the buildings and improvements the district purchases, constructs, acquires, repairs, or renovates as security for the payment of the purchase price and caps the total amount of debt secured by the district's buildings and improvements. The bill additionally decreases the number of directors of the Nocona Hospital District that constitute a quorum and that are needed to satisfy the district's voting requirement.