|
House Bill 781 |
House Author: Farabee |
|
Effective: 6-19-09 |
Senate Sponsor: Estes |
House Bill 781 amends the Special District Local Laws Code to conform to legislation passed in the 80th Regular Session revising the terms and election procedures for the board of directors of the Electra Hospital District. The bill authorizes the district to borrow money and to use certain revenue, taxes, or bonds to secure a loan and establishes loan maturity dates. The bill also authorizes the district to provide for the security and payment of district bonds from a pledge of property taxes, revenue, and other sources as authorized by law and specifies the allowable uses of bond proceeds.