H.B. No. 467 proposes amendments to the procedure for dissolving the Cedar Creek Hospital District and managing its remaining funds. The bill introduces a new section, 21C, which outlines specific 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 also allows the county judges of Kaufman, Van Zandt, and Henderson Counties to jointly call for an election to decide on 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 specifies that if the proposition to dissolve the district is approved by a majority vote, the county judges will declare the district dissolved and distribute the remaining funds equally among the three counties for the scholarship's establishment and administration. The scholarship will be overseen by a committee that will set eligibility criteria, ensuring that recipients reside within the district's former boundaries and are enrolled in a nursing education program. The bill aims to streamline the dissolution process while ensuring that the district's funds are utilized for educational purposes in the community.