| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the powers and duties of the Reagan Hospital District. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 6, Chapter 29, Acts of the 65th |
|
|
Legislature, Regular Session, 1977, is amended by adding Subsection |
|
|
(e-1) to read as follows: |
|
|
(e-1) The board may employ physicians or other health care |
|
|
providers as the board considers necessary for the efficient |
|
|
operation of the district. This section may not be construed as |
|
|
authorizing the board to supervise or control the practice of |
|
|
medicine, as prohibited by Subtitle B, Title 3, Occupations Code. |
|
|
SECTION 2. Chapter 29, Acts of the 65th Legislature, |
|
|
Regular Session, 1977, is amended by adding Section 7A to read as |
|
|
follows: |
|
|
Sec. 7A. (a) The board may borrow money at a rate not to |
|
|
exceed the maximum annual percentage rate allowed by law for |
|
|
district obligations at the time the loan is made. |
|
|
(b) To secure a loan, the board may pledge: |
|
|
(1) district revenue that is not pledged to pay the |
|
|
district's bonded indebtedness; |
|
|
(2) a district tax to be imposed by the district during |
|
|
the 12-month period following the date of the pledge that is not |
|
|
pledged to pay the principal of or interest on district bonds; or |
|
|
(3) a district bond that has been authorized but not |
|
|
sold. |
|
|
(c) A loan for which taxes or bonds are pledged must mature |
|
|
not later than the first anniversary of the date the loan is made. A |
|
|
loan for which district revenue is pledged must mature not later |
|
|
than the fifth anniversary of the date the loan is made. |
|
|
SECTION 3. Chapter 29, Acts of the 65th Legislature, |
|
|
Regular Session, 1977, is amended by adding Sections 9A and 9B to |
|
|
read as follows: |
|
|
Sec. 9A. In addition to the authority to issue general |
|
|
obligation bonds and revenue bonds under 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 8 of |
|
|
this Act and revenue and other sources as authorized by Section 9 of |
|
|
this Act. |
|
|
Sec. 9B. The district may use the proceeds of bonds issued |
|
|
under this Act to pay: |
|
|
(1) any expense the board determines is reasonable and |
|
|
necessary to issue, sell, and deliver the bonds; |
|
|
(2) interest payments on the bonds during a period of |
|
|
acquisition or construction of a project or facility to be provided |
|
|
through the bonds, not to exceed five years; |
|
|
(3) costs related to the operation and maintenance of |
|
|
a project or facility to be provided through the bonds: |
|
|
(A) during an estimated period of acquisition or |
|
|
construction, not to exceed five years; and |
|
|
(B) 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 bond issuance; |
|
|
(6) costs related to the acquisition of land or |
|
|
interests in land for a project or facility to be provided through |
|
|
the bonds; and |
|
|
(7) costs of construction of a project or facility to |
|
|
be provided through the bonds, including the payment of related |
|
|
professional services and expenses. |
|
|
SECTION 4. 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, 2009. |