H.B. No. 467 proposes amendments to the procedure for dissolving the Cedar Creek Hospital District and outlines the disposition of its funds. The bill introduces a new section, 21C, which stipulates the conditions under which the district may be dissolved, including the absence of medical services, vacant board positions, no outstanding debts, and the existence of only monetary assets. It allows the county judges of Kaufman, Van Zandt, and Henderson Counties to jointly order an election regarding the dissolution and the use of remaining funds to establish the Andrew Gibbs Memorial Nursing Scholarship. The election process will adhere to the Texas Election Code, with specific provisions for the ballot and the actions to be taken based on the election results.

Additionally, the bill amends existing legal language to clarify that certain sections of the Election Code do not apply to elections held under this new provision. If the majority votes in favor of dissolution, the district will be dissolved, and the remaining funds will be equally distributed among the three counties for the scholarship's establishment and administration. The counties will form an oversight committee to manage the scholarship, which will have specific eligibility criteria for applicants, ensuring that recipients reside within the district's former boundaries and are enrolled in a nursing education program. The bill is set to take effect immediately upon receiving a two-thirds vote from both houses or on September 1, 2025, if that threshold is not met.