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).