S.B. No. 1467
                                        AN ACT
    1-1  relating to the validation of certain acts and proceedings of
    1-2  certain corporations created under the Health Facilities
    1-3  Development Act and to the authority of corporations created under
    1-4  that Act to refund outstanding bonds.
    1-5        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-6        SECTION 1.  VALIDATION.  (a)  In this section, "corporation"
    1-7  means a hospital development corporation that was created or
    1-8  attempted to be created pursuant to the Health Facilities
    1-9  Development Act (Chapter 221, Health and Safety Code).
   1-10        (b)  This section applies to all acts, resolutions, orders,
   1-11  instruments, obligations, and proceedings whatsoever taken,
   1-12  adopted, authorized, issued, entered into, or delivered by any
   1-13  corporation before January 1, 1993.
   1-14        (c)  All such acts, resolutions, orders, instruments,
   1-15  obligations, and proceedings of a corporation before January 1,
   1-16  1993, are in all respects validated, ratified, approved, and
   1-17  confirmed as of the date they were taken, adopted, authorized,
   1-18  issued, entered into, or delivered and shall be treated as though
   1-19  they had originally been duly authorized and accomplished in
   1-20  accordance with law.  All governmental acts and proceedings of
   1-21  cities, counties, and hospital districts in connection with the
   1-22  authorization and approval of any acts, resolutions, orders,
   1-23  instruments, obligations, and proceedings of a corporation are
    2-1  validated, ratified, approved, and confirmed as of their original
    2-2  date.  Any such acts, resolutions, orders, instruments,
    2-3  obligations, or proceedings may be held invalid if they were taken,
    2-4  adopted, authorized, issued, entered into, or delivered with
    2-5  knowledge that the action was illegal or in violation of any
    2-6  criminal law.
    2-7        (d)  This section does not apply to any matter that on the
    2-8  effective date of this section:
    2-9              (1)  is involved in litigation if the litigation
   2-10  ultimately results in the matter being held invalid by a final
   2-11  judgment of a court of competent jurisdiction; or
   2-12              (2)  has been held invalid by a court of competent
   2-13  jurisdiction.
   2-14        SECTION 2.  AMENDMENT.  Subsection (a), Section 221.065,
   2-15  Health and Safety Code, is amended to read as follows:
   2-16        (a)  A development corporation may issue bonds to refund any
   2-17  of its valid outstanding bonds, including any bonds issued for
   2-18  unspecified projects and including any redemption premium on the
   2-19  bonds and interest accrued to the date of redemption, on a finding
   2-20  by the board of directors of the development corporation that there
   2-21  is a public benefit and a public purpose for the refunding.
   2-22        SECTION 3.  EMERGENCY.  The importance of this legislation
   2-23  and the crowded condition of the calendars in both houses create an
   2-24  emergency and an imperative public necessity that the
   2-25  constitutional rule requiring bills to be read on three several
    3-1  days in each house be suspended, and this rule is hereby suspended,
    3-2  and that this Act take effect and be in force from and after its
    3-3  passage, and it is so enacted.