H.B. No. 5664 amends the Special District Local Laws Code to modify the governance and operational procedures of the Wood County Central Hospital District in Texas. The bill increases the number of directors on the board from six to seven, ensuring that they are elected from the district at large unless the district's boundaries are expanded. It also revises the requirements for conducting audits, stating that the board must require an independent audit of the district's books and records as deemed necessary, but at least every three years. Additionally, the bill allows the board to select one or more banks as the district's depository, rather than being restricted to a designated bank in Wood County.

Furthermore, the bill introduces a new section that imposes investment restrictions, allowing the board to invest district funds only in securities specified by Chapter 2256 of the Government Code. Following the enactment of this bill, the board is required to appoint a temporary director to serve until the regular election of directors in 2026. The act will take effect immediately if it receives a two-thirds vote from both houses; otherwise, it will take effect on September 1, 2025.

Statutes affected:
Introduced: Special District Local Laws Code 1116.051, Special District Local Laws Code 1116.154, Special District Local Laws Code 1116.155 (Special District Local Laws Code 1116)
House Committee Report: Special District Local Laws Code 1116.051, Special District Local Laws Code 1116.154, Special District Local Laws Code 1116.155 (Special District Local Laws Code 1116)
Engrossed: Special District Local Laws Code 1116.051, Special District Local Laws Code 1116.154, Special District Local Laws Code 1116.155 (Special District Local Laws Code 1116)
Senate Committee Report: Special District Local Laws Code 1116.051, Special District Local Laws Code 1116.154, Special District Local Laws Code 1116.155 (Special District Local Laws Code 1116)
Enrolled: Special District Local Laws Code 1116.051, Special District Local Laws Code 1116.154, Special District Local Laws Code 1116.155 (Special District Local Laws Code 1116)