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A BILL TO BE ENTITLED
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AN ACT
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relating to the operation of Wood County Central Hospital District |
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of Wood County, Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1116.051(a), Special District Local Laws |
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Code, is amended to read as follows: |
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(a) The board consists of seven [six] directors elected from |
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the district at large unless the boundaries of the district are |
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expanded under Subchapter G or H. |
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SECTION 2. Section 1116.154, Special District Local Laws |
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Code, is amended to read as follows: |
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Sec. 1116.154. [ANNUAL] AUDIT. [(a)] The board [annually] |
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shall require an independent audit of the district's books and |
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records as determined necessary by the board, but in no event less |
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often than every three years. |
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[(b) Not later than December 1 of each year, the board shall |
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file a copy of the audit with: (1) the comptroller; and (2) the |
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district.] |
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SECTION 3. Section 1116.155, Special District Local Laws |
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Code, is amended to read as follows: |
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Sec. 1116.155. DEPOSITORY. (a) The board by resolution |
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shall select one or more banks inside or outside the district to |
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serve [designate a bank in Wood County] as the district's |
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depository. [A designated bank serves for two years and until a |
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successor is designated.] |
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(b) All district money, other than money invested as |
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provided by Section 1116.156, shall be deposited in the depository |
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and secured in the manner provided for securing county funds. |
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SECTION 4. Chapter 1116, Special District Local Laws Code, |
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is amended by adding Section 1116.156 to read as follows: |
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Sec. 1116.156. INVESTMENT RESTRICTIONS. The board may |
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invest district funds only in funds or securities specified by |
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Chapter 2256, Government Code. |
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SECTION 5. Following the effective date of this Act, the |
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board shall appoint a temporary director to serve until the date of |
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the regular election of directors in 2026. |
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SECTION 6. 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, 2025. |