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AN ACT
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relating to the issuance of general obligation bonds by the Lynn |
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County Hospital District. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter E, Chapter 1054, Special District |
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Local Laws Code, is amended by adding Section 1054.2025 to read as |
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follows: |
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Sec. 1054.2025. GENERAL OBLIGATION BOND ELECTION. (a) The |
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district may issue general obligation bonds only if the bonds are |
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authorized by a majority of the district voters voting at an |
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election held for that purpose. |
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(b) The order calling the election shall provide for clerks |
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as in county elections and must specify: |
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(1) the date of the election; |
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(2) the location of the polling places; |
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(3) the presiding and alternate election judges for |
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each polling place; |
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(4) the amount of the bonds to be authorized; |
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(5) the maximum interest rate of the bonds; and |
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(6) the maximum maturity of the bonds. |
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(c) Notice of a bond election shall be given as provided by |
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Section 1251.003, Government Code. |
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SECTION 2. Section 1054.2025, Special District Local Laws |
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Code, as added by this Act, applies only to general obligation bonds |
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issued by the Lynn County Hospital District on or after the |
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effective date of this Act. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 1908 passed the Senate on |
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May 20, 2015, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 1908 passed the House on |
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May 27, 2015, by the following vote: Yeas 144, Nays 0, two |
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present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |