1-1 AN ACT
1-2 relating to short-term obligations issued by certain counties.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Section 1(1), Chapter 656, Acts of the 68th
1-5 Legislature, Regular Session, 1983 (Article 717q, Vernon's Texas
1-6 Civil Statutes), is amended to read as follows:
1-7 (1) "Issuer" means (A) any incorporated city operating
1-8 under a home-rule charter adopted pursuant to Article XI, Section
1-9 5, of the Constitution of Texas having a population according to
1-10 the latest federal decennial census of 90,000 or more and having
1-11 outstanding long-term debt secured by the revenues of the public
1-12 utility for which the obligations are being issued which is rated
1-13 by a nationally recognized rating agency for municipal securities
1-14 in one of the four highest rating categories for long-term
1-15 obligations; (B) any conservation and reclamation district created
1-16 and organized as a river authority under and pursuant to Article
1-17 III, Section 52, or Article XVI, Section 59, of the Constitution of
1-18 Texas and by an act of the legislature of the State of Texas; (C)
1-19 any joint powers agency organized and operating pursuant to Chapter
1-20 166, Acts of the 63rd Legislature, Regular Session, 1973 (Article
1-21 1435a, Revised Statutes); (D) any metropolitan rapid transit
1-22 authority or regional transportation authority created, organized,
1-23 and operating pursuant to Chapter 141, Acts of the 63rd
1-24 Legislature, Regular Session, 1973 (Article 1118x, Revised
2-1 Statutes) or Chapter 683, Acts of the 66th Legislature, Regular
2-2 Session, 1979 (Article 1118y, Revised Statutes); (E) any
2-3 conservation and reclamation district organized or operating as a
2-4 navigation district under and pursuant to Article III, Section 52,
2-5 or Article XVI, Section 59, of the Constitution of Texas; (F) any
2-6 district organized or operating under and pursuant to Article XVI,
2-7 Section 59, of the Constitution of Texas which has all or part of
2-8 two or more incorporated cities within its boundaries; (G) agencies
2-9 of the State of Texas (including the governing boards of the state
2-10 institutions of higher education); (H) any hospital authority in a
2-11 county with a population of more than 2 million, according to the
2-12 most recent federal census, or any hospital authority in a county
2-13 that is included, in whole or in part, in a standard metropolitan
2-14 statistical area of this state that includes a county with a
2-15 population of more than 1,800,000, that was created or is operating
2-16 under Chapter 262, Health and Safety Code, or Chapter 264, Health
2-17 and Safety Code; (I) any nonprofit corporation organized to
2-18 exercise the powers of a higher education authority under
2-19 Subsection (e), Section 53.47, Education Code; and (J) a county
2-20 having a population of 2 million or more according to the most
2-21 recent federal census [with respect to eligible projects described
2-22 in Subdivisions (3)(A)(4) and (3)(A)(5) of this section].
2-23 SECTION 2. The importance of this legislation and the
2-24 crowded condition of the calendars in both houses create an
2-25 emergency and an imperative public necessity that the
2-26 constitutional rule requiring bills to be read on three several
2-27 days in each house be suspended, and this rule is hereby suspended,
3-1 and that this Act take effect and be in force from and after its
3-2 passage, and it is so enacted.
_______________________________ _______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 799 was passed by the House on April
3, 1997, by a non-record vote.
_______________________________
Chief Clerk of the House
I certify that H.B. No. 799 was passed by the Senate on May
5, 1997, by the following vote: Yeas 31, Nays 0.
_______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor