HB 5664

relating to the operation of Wood County Central Hospital District
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1.  Section 1116.051(a), Special District Local Laws
Code, is amended to read as follows:
(a)  The board consists of seven [six] directors elected from
the district at large unless the boundaries of the district are
expanded under Subchapter G or H.
SECTION 2.  Section 1116.154, Special District Local Laws
Code, is amended to read as follows:
Sec. 1116.154.  [ANNUAL] AUDIT. [(a)]  The board [annually]
shall require an independent audit of the district's books and
records as determined necessary by the board, but in no event less
[(b)  Not later than December 1 of each year, the board shall
file a copy of the audit with: (1) the comptroller; and (2) the
SECTION 3.  Section 1116.155, Special District Local Laws
Code, is amended to read as follows:
Sec. 1116.155.  DEPOSITORY.  (a)  The board by resolution
shall select one or more banks inside or outside the district to
serve [designate a bank in Wood County] as the district's
depository.  [A designated bank serves for two years and until a
(b)  All district money, other than money invested as
provided by Section 1116.156, shall be deposited in the depository
and secured in the manner provided for securing county funds.
SECTION 4.  Chapter 1116, Special District Local Laws Code,
is amended by adding Section 1116.156 to read as follows:
Sec. 1116.156.  INVESTMENT RESTRICTIONS.  The board may
invest district funds only in funds or securities specified by
SECTION 5.  Following the effective date of this Act, the
board shall appoint a temporary director to serve until the date of
the regular election of directors in 2026.
SECTION 6.  This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution.  If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2025.