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By:  Garza                                                        H.B. No. 2764



A BILL TO BE ENTITLED

AN ACT

relating to powers and duties of a municipal county authority                 
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Subtitle C, Health and Safety Code, is amended by 
changing Chapter 262, Subchapter C, Section 262.0225 to read as 
follows:

CHAPTER 262.  MUNICIPAL HOSPITAL AUTHORITIES

SUBCHAPTER C. POWERS AND DUTIES
	Sec. 262.0225.  AUTHORITY TO BORROW MONEY  (a)  This section 
applies only to an authority created by a municipality with a 
population of less than [5,000] 25,000.
	(b)  The board may, on behalf of the authority, borrow money 
from a federally insured lending institution for any of the 
authority's purposes.
	(c)  The board may borrow money in the amount it considers 
advisable subject to a rate of interest and other terms and 
conditions it considers advisable.
	(d)  A loan for which bonds are pledged shall mature not 
later than the first anniversary of the date on which the loan is 
made.
	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.