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| SPONSOR: | Abeyta | DATE TYPED: | 02/01/00 | HB | 160 | ||
| SHORT TITLE: | Guadalupe County Hospital Loan | SB | |||||
| ANALYST: | Gonzales | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY00 | FY01 | FY00 | FY01 | ||
| $ 56.0 | Non-Recurring | GF | |||
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates/Conflicts with/Companion to/Relates to
SOURCES OF INFORMATION
Department of Finance and Administration
SUMMARY
Synopsis of Bill
House Bill 160 makes a general fund appropriation of $56.0 to repay a State Board of Finance emergency fund loan granted for the Guadalupe county hospital. The loan was granted by the State Board of Finance to cover unanticipated expenses necessary for the continued, interim operation and maintenance of the Guadalupe Hospital facility, which is owned by the county.
Significant Issues
This proposed appropriation is essentially a matter of administrative oversight to repay a loan. The State Board of Finance has a policy that it requires entities who receive loans to request at the next legislative session the funds for loan repayment. Otherwise if there is no other means of the loan being repaid, the loan may be converted to a grant by the State Board of Finance. Since the bill does not contain an emergency clause, the appropriation would go directly to the general fund operating reserve if it is repaid during FY01.
FISCAL IMPLICATIONS
House Bill 160 appropriates $56.0 in general fund to the State Board of Finance [Emergency Fund].
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