Enrolled Bill Summary

            Senate Bill 572 provides for the transfer of the University of Central Texas, currently an independent institution governed by a Texas nonprofit corporation, to The Texas A&M University System or to another university system if the system's regents and the university's regents agree to the transfer and the Texas Higher Education Coordinating Board approves the transfer not later than August 31, 1998. If both boards of regents agree and the coordinating board approves, the transfer is effective September 1, 1998. The receiving university system's board of regents assumes complete responsibility for its governance, management, and operation; and the institution becomes the Public University for Central Texas until the board of regents renames it.

            Senate Bill 572 provides for the continuity of certain practices and procedures in the operation of the Public University of Central Texas upon the transfer. The act includes a statement of legislative intent that the act does not create an institution entitled to money from the permanent university fund through the available university fund or from either the higher education fund or the higher education assistance fund.