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House Bill 1686 |
House Author: Hardcastle |
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Effective: 6-19-09 |
Senate Sponsor: Estes |
House Bill 1686 amends the law to expand the bonding authority of the Muenster Hospital District's board of directors to include issuance of bonds secured by a pledge of a combination of property taxes, revenue, and other sources and to set forth the authorized uses of bond proceeds. The bill removes a condition that the board must declare that funds are not available to meet obligations and that an emergency exists before the board may borrow money.