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78R3615 EMT-F

By:  Miller                                                       H.B. No. 2030



A BILL TO BE ENTITLED

AN ACT

relating to certain bonds issued by the Comanche County 
Consolidated Hospital District.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 3.14(a), Chapter 132, Acts of the 74th 
Legislature, Regular Session, 1995, is amended to read as follows:
	(a)  In addition to the power to issue bonds payable from 
taxes levied by the district as provided by [under] Section 3.11
[3.12] of this Act, the board of directors may issue and refund any 
previously issued revenue bond to:
		(1)  purchase, construct, acquire, repair, equip, or 
renovate a building or improvement for hospital purposes;
		(2)  acquire a site for hospital purposes; or                                 
		(3)  acquire and operate a mobile emergency service to 
assist the district in carrying out the district's hospital 
purposes.
	SECTION 2.  Chapter 132, Acts of the 74th Legislature, 
Regular Session, 1995, is amended by adding Sections 3.14A and 
3.14B to read as follows:
	Sec. 3.14A.  ADDITIONAL MEANS OF SECURING REPAYMENT OF 
BONDS.  (a)  In addition to the power to issue bonds payable solely 
from and secured by taxes imposed by the district as authorized by 
Section 3.11 of this Act and the power to issue bonds payable from 
and secured by revenues and other sources as authorized by Section 
3.14 of this Act, the board of directors may provide for the 
security and payment of district bonds from a pledge of a 
combination of:
		(1)  ad valorem taxes as authorized by Section 3.11 of 
this Act; and 
		(2)  the revenues and other sources authorized by 
Section 3.14 of this Act.
	(b)  Bonds, other than refunding bonds, 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 3.11 of this Act.
	Sec. 3.14B.  USE OF CERTAIN PROCEEDS; PAYMENT OF EXPENSES.  
(a)  The district may use the proceeds of bonds described by Section 
3.11, 3.14, or 3.14A of this Act to pay:
		(1)  any expense the board of directors determines is 
reasonable and necessary to effect the issuance, sale, and delivery 
of the bonds;
		(2)  interest on the bonds during a period of 
acquisition or construction of a project or facility to be provided 
through the bonds;
		(3)  operation and maintenance costs of a project or 
facility to be provided through the bonds during an estimated 
period of acquisition or construction and for one year after the 
project or facility is acquired or constructed;
		(4)  costs related to the financing of the bond funds, 
including debt service reserve and contingency funds;
		(5)  costs related to the issuance of the bonds;                       
		(6)  costs related to the acquisition of land or an 
interest in land for a project or facility to be provided through 
the bonds; and
		(7)  construction costs of a project or facility to be 
provided through the bonds, including the payment of related 
professional services and expenses.
	(b)  A "period of acquisition or construction," as that term 
is used in Subsection (a) of this section, may not exceed five 
years.
	SECTION 3.  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.