Enrolled Bill Summary

House Bill 1043 amends the Education Code to allow a corporation created under the Higher Education Authority Act to issue bonds to finance or refinance educational or housing facilities for an accredited primary or secondary school and to secure the bonds by a pledge of any or all of the gross or net revenue to be derived from the facilities' operation or any other revenue or assets pledged for that purpose. The act deletes language that previously restricted the use of bonds issued by a private nonprofit corporation to benefit military-related schools that met certain county population and other criteria.