TO: | Honorable Glenn Lewis, Chair, House Committee on County Affairs |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB2952 by Kuempel (Relating to the authority of a joint county and municipal hospital to borrow money.), Committee Report 1st House, Substituted |
The bill would authorize the board of managers of a joint county and municipal hospital, upon approval by the governing body that created the board, to borrow money from a federally insured lending institution on behalf of the hopsital to pay costs relating to acquiring, constructing, rehabilitating, and equiping hospital facilities, including acquisition of real property and other improvements deemed necessary. The bill would take effect immediately if it receives a two-thirds vote in each house; otherwise, it would take effect September 1, 2003.
The provisions of the bill would provide an additional funding mechanism for an applicable hospital board.
Source Agencies: | |
LBB Staff: | JK, DLBa
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