By:  Miller (Senate Sponsor - Fraser)                             H.B. No. 2029
	(In the Senate - Received from the House May 7, 2003; 
May 9, 2003, read first time and referred to Committee on 
Intergovernmental Relations; May 23, 2003, reported favorably by 
the following vote:  Yeas 4, Nays 0; May 23, 2003, sent to printer.)


A BILL TO BE ENTITLED

AN ACT


relating to the powers and duties of the Hamilton County Hospital 
District with respect to the issuance of bonds.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Article 7, Chapter 42, Acts of the 70th 
Legislature, 2nd Called Session, 1987, is amended by adding Section 
7.12 to read as follows:
	Sec. 7.12.  ADDITIONAL MEANS OF SECURING REPAYMENT OF BONDS.  
In addition to the power to issue general obligation bonds payable 
solely from and secured by taxes imposed by the district as 
authorized by Section 7.01 of this Act and the power to issue 
revenue bonds payable from and secured by revenues and other 
sources as authorized by Section 7.04 of this Act, the board may 
provide for the security and payment of district bonds from a pledge 
of a combination of ad valorem taxes, as authorized by Section 7.02 
of this Act, and the revenues and other sources authorized by 
Section 7.04 of this Act.  Bonds, other than refunding bonds issued 
under Section 7.05 of this Act, that the board proposes to secure 
wholly or partly by an ad valorem tax must be approved at an 
election held in the district in accordance with Section 7.03 of 
this Act.
	SECTION 2.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2003.



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