By: Watson S.B. No. 1147

(In the Senate - Filed March 10, 2015; March 17, 2015, read first time and referred to Committee on Intergovernmental Relations; April 22, 2015, reported adversely, with favorable Committee Substitute by the following vote: Yeas 5, Nays 0; April 22, 2015, sent to printer.) Click here to see the committee vote

COMMITTEE SUBSTITUTE FOR S.B. No. 1147 By: Lucio

A BILL TO BE ENTITLED

AN ACT

relating to leases and other agreements relating to real property entered into by certain hospital districts.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 281.050(b), Health and Safety Code, is amended to read as follows:

(b) Notwithstanding any other law, the board may, with the approval of the commissioners court, enter into a lease, including a lease with an option to purchase, an installment purchase agreement, an installment sale agreement, or any other type of agreement that relates to real property considered appropriate by the board [undeveloped real property for not more than 50 years] to provide for the development, improvement, acquisition, or management of developed or undeveloped real property [and construction of facilities] designed to generate revenue for the financial benefit of the district. The board, directly or through a nonprofit corporation, may contract or enter into a joint venture with a public or private entity as necessary to enter into an agreement [a lease] under this subsection.

SECTION 2. Section 281.0511, Health and Safety Code, is amended by adding Subsection (d) to read as follows:

(d) Notwithstanding any other law, the board may, with the approval of the commissioners court at a meeting subject to Chapter 551, Government Code, lease undeveloped or vacant real property for not more than 99 years to provide for the development and construction of facilities designed to generate revenue for the financial benefit of the district. The board, directly or through a nonprofit corporation, may contract or enter into a joint venture with a public or private entity as necessary to enter into a lease under this subsection.

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, 2015.

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