1-1  By:  McCoulskey (Senate Sponsor - Armbrister)         H.B. No. 2525
    1-2        (In the Senate - Received from the House May 4, 1995;
    1-3  May 5, 1995, read first time and referred to Committee on
    1-4  Intergovernmental Relations; May 17, 1995, reported favorably by
    1-5  the following vote:  Yeas 8, Nays 0; May 17, 1995, sent to
    1-6  printer.)
    1-7                         A BILL TO BE ENTITLED
    1-8                                AN ACT
    1-9  relating to the authority of certain hospital authorities to issue
   1-10  short-term obligations.
   1-11        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
   1-12        SECTION 1.  Section 1(1), Chapter 656, Acts of the 68th
   1-13  Legislature, Regular Session, 1983 (Article 717q, Vernon's Texas
   1-14  Civil Statutes), is amended to read as follows:
   1-15              (1)  "Issuer" means (A) any incorporated city operating
   1-16  under a home-rule charter adopted pursuant to Article XI, Section
   1-17  5, of the Constitution of Texas having a population according to
   1-18  the latest federal decennial census of 90,000 or more and having
   1-19  outstanding long-term debt secured by the revenues of the public
   1-20  utility for which the obligations are being issued which is rated
   1-21  by a nationally recognized rating agency for municipal securities
   1-22  in one of the four highest rating categories for long-term
   1-23  obligations; (B) any conservation and reclamation district created
   1-24  and organized as a river authority under and pursuant to Article
   1-25  III, Section 52, or Article XVI, Section 59, of the Constitution of
   1-26  Texas and by an act of the legislature of the State of Texas; (C)
   1-27  any joint powers agency organized and operating pursuant to Chapter
   1-28  166, Acts of the 63rd Legislature, Regular Session, 1973 (Article
   1-29  1435a, Revised Statutes); (D) any metropolitan rapid transit
   1-30  authority or regional transportation authority created, organized,
   1-31  and operating pursuant to Chapter 141, Acts of the 63rd
   1-32  Legislature, Regular Session, 1973 (Article 1118x, Revised
   1-33  Statutes) or Chapter 683, Acts of the 66th Legislature, Regular
   1-34  Session, 1979 (Article 1118y, Revised Statutes); (E) any
   1-35  conservation and reclamation district organized or operating as a
   1-36  navigation district under and pursuant to Article III, Section 52,
   1-37  or Article XVI, Section 59, of the Constitution of Texas; (F) any
   1-38  district organized or operating under and pursuant to Article XVI,
   1-39  Section 59, of the Constitution of Texas which has all or part of
   1-40  two or more incorporated cities within its boundaries; (G) agencies
   1-41  of the State of Texas (including the governing boards of the state
   1-42  institutions of higher education); (H) any hospital authority in a
   1-43  county with a population of more than 2 million, according to the
   1-44  most recent federal census, or any hospital authority in a county
   1-45  that is included, in whole or in part, in a standard metropolitan
   1-46  statistical area of this state that includes a county with a
   1-47  population of more than 1,800,000, that was created or is operating
   1-48  under Chapter 262, Health and Safety Code, or Chapter 264, Health
   1-49  and Safety Code; and (I) any nonprofit corporation organized to
   1-50  exercise the powers of a higher education authority under
   1-51  Subsection (e), Section 53.47, Education Code.
   1-52        SECTION 2.  The importance of this legislation and the
   1-53  crowded condition of the calendars in both houses create an
   1-54  emergency and an imperative public necessity that the
   1-55  constitutional rule requiring bills to be read on three several
   1-56  days in each house be suspended, and this rule is hereby suspended,
   1-57  and that this Act take effect and be in force from and after its
   1-58  passage, and it is so enacted.
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