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A BILL TO BE ENTITLED
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AN ACT
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relating to the allocation of certain appropriated funds to public |
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institutions of higher education in this state. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 55, Education Code, is |
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amended by adding Section 55.111 to read as follows: |
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Sec. 55.111. CERTAIN ALLOCATED FUNDS TO BE DESIGNATED AS |
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CAPITAL IMPROVEMENT DEBT ASSISTANCE. For purposes of this |
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subchapter, funds allocated from the appropriation of general |
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revenue to an institution of higher education to supplement revenue |
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funds of the institution described by Section 55.13(a) may be |
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designated as "Capital Improvement Debt Assistance." |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2021. |