TITLE: Relating to the investment of funds by certain municipal hospital authorities.

SUMMARY: Relating to the investment of funds by certain municipal hospital authorities.

FULL TEXT:
AN ACT relating to the investment of funds by certain municipal hospital authorities. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 262.039(a), Health and Safety Code, is amended to read as follows: (a) This section applies only to an authority that: (1) is located in:(A) a county of 2.4 [3.3] million or more;or (B) a municipality of less than 15,000;(2) has assets that exceed the amount of any [no] outstanding bonds issued under Subchapter D; and (3) does not [own or] operate a hospital. SECTION 2. This Act takes effect September 1, 2015.