TO: | Honorable Glenn Lewis, Chair, House Committee on County Affairs |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB2764 by Garza (Relating to the authority of certain municipal hospital authorities to borrow money. ), Committee Report 1st House, Substituted |
The bill would increase from 5,000 to 25,000 the population size of a municipality in which the municipal hospital authority would be authorized to borrow money from a federally insured lending institution for any of the authority's purposes. The bill would take effect immediately if it receives a vote of two-thirds in each house; otherwise, it would take effect September 1, 2003.
Providing an additional mechanism for financing the authority's needs would provide a positive fiscal impact.
Source Agencies: | |
LBB Staff: | JK, DLBa
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