Enrolled Bill Summary

Under current law, the Texas Tech University board of regents also serves independently as the board of regents of the Texas Tech University Health Sciences Center and is required by law to act separately and independently on matters affecting the health sciences center. The board's authority to issue bonds and notes for those institutions also is divided so that bonds and notes must be issued separately for the two institutions. Senate Bill 1038 amends the Education Code to allow the board to issue bonds and notes on behalf of both institutions, to combine the two institutions' annual appropriations, and to pledge the combined appropriations to support the bonds and notes.