HBA-DMD H.B. 3299 76(R)BILL ANALYSIS Office of House Bill AnalysisH.B. 3299 By: Coleman County Affairs 7/14/1999 Enrolled BACKGROUND AND PURPOSE Prior to the 76th Legislature, cities counties, hospital authorities, and some other governmental units were permitted to issue commercial paper notes backed by revenue in order to purchase equipment and upgrade facilities, however, hospital districts were not permitted to issue commercial paper notes. H.B. 3299 permits this practice by including certain hospital districts in the definition of an "issuer." RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 1(1), Article 717q, V.T.C.S. (Short Term Obligations for Public Utility), to include in the definition of "issuer" a hospital district in a county with a population of more than 2 million, according to the most recent federal census, or any hospital authority in a county that is included, in whole or in part, in a standard metropolitan statistical area of this state that includes a county with a population of more than 1,800,000, that was created or is operating under Chapter 262 (Municipal Hospital Authorities) or 264 (County Hospital Authorities), Health and Safety Code. SECTION 2.Emergency clause. Effective date: upon passage.