1-1  By:  Counts (Senate Sponsor - Haywood)                 H.B. No. 338
    1-2        (In the Senate - Received from the House April 3, 1995;
    1-3  April 4, 1995, read first time and referred to Committee on
    1-4  Intergovernmental Relations; April 19, 1995, reported favorably by
    1-5  the following vote:  Yeas 8, Nays 0; April 19, 1995, sent to
    1-6  printer.)
    1-7                         A BILL TO BE ENTITLED
    1-8                                AN ACT
    1-9  relating to the authority of the Stamford Hospital District to
   1-10  borrow money.
   1-11        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
   1-12        SECTION 1.  Chapter 108, Acts of the 59th Legislature,
   1-13  Regular Session, 1965, is amended by adding Section 17a to read as
   1-14  follows:
   1-15        Sec. 17a.  The Board of Directors may, on behalf of the
   1-16  Hospital District, borrow money from a federally insured lending
   1-17  institution and make other financial arrangements to pay the
   1-18  operating expenses and to meet the other lawfully authorized
   1-19  obligations of the District.  The Board of Directors may borrow
   1-20  money in the amount it considers advisable subject to a rate of
   1-21  interest and other terms and conditions it considers advisable.  To
   1-22  secure a loan, the Board of Directors may pledge revenues of the
   1-23  District or property acquired with the borrowed money that are not
   1-24  pledged to pay a bonded indebtedness of the District.  If revenues
   1-25  of the District are pledged to pay the loan, the loan shall mature
   1-26  not later than the fifth anniversary of the date on which the loan
   1-27  is made.
   1-28        SECTION 2.  The importance of this legislation and the
   1-29  crowded condition of the calendars in both houses create an
   1-30  emergency and an imperative public necessity that the
   1-31  constitutional rule requiring bills to be read on three several
   1-32  days in each house be suspended, and this rule is hereby suspended,
   1-33  and that this Act take effect and be in force from and after its
   1-34  passage, and it is so enacted.
   1-35                               * * * * *