74R9531 E By McCoulskey H.B. No. 2525 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the authority of certain hospital authorities to issue 1-3 short-term obligations. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 1(1), Chapter 656, Acts of the 68th 1-6 Legislature, Regular Session, 1983 (Article 717q, Vernon's Texas 1-7 Civil Statutes), is amended to read as follows: 1-8 (1) "Issuer" means (A) any incorporated city operating 1-9 under a home-rule charter adopted pursuant to Article XI, Section 1-10 5, of the Constitution of Texas having a population according to 1-11 the latest federal decennial census of 90,000 or more and having 1-12 outstanding long-term debt secured by the revenues of the public 1-13 utility for which the obligations are being issued which is rated 1-14 by a nationally recognized rating agency for municipal securities 1-15 in one of the four highest rating categories for long-term 1-16 obligations; (B) any conservation and reclamation district created 1-17 and organized as a river authority under and pursuant to Article 1-18 III, Section 52, or Article XVI, Section 59, of the Constitution of 1-19 Texas and by an act of the legislature of the State of Texas; (C) 1-20 any joint powers agency organized and operating pursuant to Chapter 1-21 166, Acts of the 63rd Legislature, Regular Session, 1973 (Article 1-22 1435a, Revised Statutes); (D) any metropolitan rapid transit 1-23 authority or regional transportation authority created, organized, 2-1 and operating pursuant to Chapter 141, Acts of the 63rd 2-2 Legislature, Regular Session, 1973 (Article 1118x, Revised 2-3 Statutes) or Chapter 683, Acts of the 66th Legislature, Regular 2-4 Session, 1979 (Article 1118y, Revised Statutes); (E) any 2-5 conservation and reclamation district organized or operating as a 2-6 navigation district under and pursuant to Article III, Section 52, 2-7 or Article XVI, Section 59, of the Constitution of Texas; (F) any 2-8 district organized or operating under and pursuant to Article XVI, 2-9 Section 59, of the Constitution of Texas which has all or part of 2-10 two or more incorporated cities within its boundaries; (G) agencies 2-11 of the State of Texas (including the governing boards of the state 2-12 institutions of higher education); (H) any hospital authority in a 2-13 county with a population of more than 2 million, according to the 2-14 most recent federal census, or any hospital authority in a county 2-15 that is included, in whole or in part, in a standard metropolitan 2-16 statistical area of this state that includes a county with a 2-17 population of more than 1,800,000, that was created or is operating 2-18 under Chapter 262, Health and Safety Code, or Chapter 264, Health 2-19 and Safety Code; and (I) any nonprofit corporation organized to 2-20 exercise the powers of a higher education authority under 2-21 Subsection (e), Section 53.47, Education Code. 2-22 SECTION 2. The importance of this legislation and the 2-23 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.