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Senate Bill 1604 |
Senate Author: Zaffirini |
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Effective: 6-14-13 |
House Sponsor: Howard |
Senate Bill 1604 authorizes the board of regents of The University of Texas System to acquire by purchase, exchange, gift, or otherwise, for campus and other university purposes, all or any part of the land described by the bill, and all improvements located on the land, in or near the City of Brownsville.
Senate Bill 1604 amends the Property Code to exempt residential property for which an institution of higher education is a co-owner from provisions authorizing a co-owner of residential property who occupies the property, has a residence homestead exemption, and has paid all of the property taxes due on the property without contribution from the other co-owner to act in the name of and on behalf of another co-owner as an agent and attorney-in-fact with respect to entering into any contract that encumbers the property.
Senate Bill 1604 amends the Education Code to revise the membership of the board of directors of The University of Texas Investment Management Company (UTIMCO); repeal provisions relating to the location and operation of the Jennie Sealy Hospital and the R. Waverly Smith Pavilion at The University of Texas Medical Branch at Galveston; remove a limitation on the authority of The Texas A&M University System board of regents to grant, sell, lease, or otherwise dispose of land and mineral interests under its jurisdiction that restricted such disposition to lands and mineral interests that do not comprise any portion of Texas A&M University's original main campus; and repeal provisions relating to the grant, sale, or lease of the surface estate of the original main campus property.