Bill
HB 3333
84(R) - 2015
House Public Health
House Public Health
Special Districts
Vote Recommendation
Neutral
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Neutral
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Neutral
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Neutral
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Neutral
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Neutral
Author(s)
Travis Clardy
Bill Caption
Relating to the investment of funds by certain municipal hospital authorities.
Fiscal Notes
No fiscal implication to the State is anticipated.
No significant fiscal implication to units of local government is anticipated.
Bill Analysis
According to Section 262.039 of the Health
and Safety Code, a municipal hospital authority is currently allowed to invest authority
funds if it meets the following criteria:
- It’s located in a county of 3.3 million or
more (in other words, bracketed for Harris County);
- Has no outstanding bonds issued under
Subchapter D; and
- Does not own or operate a hospital.
This legislation would amend the aforementioned statute
by expanding the bracketed population of municipal hospital authorities authorized
to invest authority funds to include:
- A hospital authority located in a county of
2.4 million or more (n.b. Dallas is second only to Harris, with a population of around 2.3 million per the 2010 Census); or a
municipality of less than 15,000;
- Has assets that exceed the amount of any
outstanding bonds issued under Subchapter D; and
- Does not operate a hospital.
Vote Recommendation Notes
Expanding the bracketed population of municipal hospital authorities authorized to invest authority funds neither abridges nor advances our liberty principles. We remain neutral on HB 3333.