H.B. No. 2133
    1-1                                AN ACT
    1-2  relating to the investment of funds of the Lavaca Hospital
    1-3  District.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 12(a), Chapter 16, Acts of the 64th
    1-6  Legislature, Regular Session, 1975, is amended to read as follows:
    1-7        (a)  The board of directors of the district shall name one or
    1-8  more banks within its boundaries to serve as depository for the
    1-9  funds of the district.  All funds of the district, except those
   1-10  invested as provided in Section 5 and those transmitted to a bank
   1-11  or banks of payment for bonds or obligations issued or assumed by
   1-12  the district, shall be deposited as received with the depository
   1-13  bank and shall remain on deposit, provided that nothing herein
   1-14  shall limit the power of the board to place a portion of the <such>
   1-15  funds on time deposit, <or> purchase certificates of deposit, or
   1-16  invest a portion of the funds in a local government investment pool
   1-17  established in the Texas Treasury Safekeeping Trust Company.
   1-18        SECTION 2.  The importance of this legislation and the
   1-19  crowded condition of the calendars in both houses create an
   1-20  emergency and an imperative public necessity that the
   1-21  constitutional rule requiring bills to be read on three several
   1-22  days in each house be suspended, and this rule is hereby suspended,
   1-23  and that this Act take effect and be in force from and after its
   1-24  passage, and it is so enacted.