By: Hefner (Senate Sponsor - Hughes) H.B. No. 5664          (In the Senate - Received from the House May 19, 2025;   May 19, 2025, read first time and referred to Committee on Local   Government; May 22, 2025, reported favorably by the following   vote:  Yeas 5, Nays 0; May 22, 2025, sent to printer.)Click here to see the committee vote     A BILL TO BE ENTITLED   AN ACT     relating to the operation of Wood County Central Hospital District   of Wood County, Texas.          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   often than every three years.          [(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   district.]          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   successor is designated.]          (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.  Subchapter D, 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   Chapter 2256, Government Code.          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.     * * * * *