C.S.H.B. 2030 78(R)    BILL ANALYSIS


C.S.H.B. 2030
By: Miller
County Affairs
Committee Report (Substituted)



BACKGROUND AND PURPOSE 

The Act creating the Comanche County Consolidated Hospital District
(district) was passed by the 74th Legislature in 1995 and amended by the
77th Legislature in 2001.  The district's enabling legislation requires an
amendment to allow the district to use a combination of taxes and revenues
to pay for and secure bonds issued by the district. The district can
currently use taxes or revenues to pay for and secure bonds, but without
such an amendment, the district cannot use a combination of taxes and
revenues to pay for and secure bonds issued by the district. House Bill
2030 authorizes the Comanche County Consolidated Hospital District to use
a combination of taxes and revenues to pay for and secure bonds issued by
the district.  


RULEMAKING AUTHORITY

It is the committee's opinion that this bill does not expressly grant any
additional rulemaking authority to a state officer, department, agency, or
institution. 

ANALYSIS

House Bill 2030 corrects the reference to the provision of the district's
enabling legislation authorizing the issuance of general obligation bonds
(SECTION 1). 

The bill authorizes the board to provide for the security and payment of
district bonds from taxes and/or revenues of the.  The bill authorizes the
district to use the proceeds of bonds to pay bond expenses, interest
payments on the bonds, operation and maintenance costs of a project or
facility provided through the bonds during acquisition and construction
and for one year thereafter, costs related to the financing of bond funds,
costs related to the issuance of bonds, costs related to the acquisition
of land for a project or facility to be provided through bonds, and
construction costs for such a facility.  

EFFECTIVE DATE

On passage, or if the Act does not receive the necessary vote, the Act
takes effect September 1, 2003. 


COMPARISON OF ORIGINAL TO SUBSTITUTE

The bill clarifies bonds authorized at an election held in the district
before the act's effective date may be payable from taxes authorized in
the election, revenues, and any other source authorized in any part of the
act (SECTION 2).