By: Junell H.B. No. 1125 73R4536 SOS-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to authorizing the issuance of revenue bonds for Angelo 1-3 State University. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter B, Chapter 55, Education Code, is 1-6 amended by adding Section 55.1713 to read as follows: 1-7 Sec. 55.1713. ANGELO STATE UNIVERSITY. (a) The board of 1-8 regents of the Texas State University System may acquire, 1-9 construct, improve, equip, and operate buildings, facilities, and 1-10 equipment at Angelo State University. 1-11 (b) The board may finance those items listed under 1-12 Subsection (a) of this section through the issuance of bonds under 1-13 this subchapter. The board may pledge irrevocably to the payment 1-14 of those bonds all or any part of the aggregate amount of student 1-15 tuition charges required or authorized by law to be imposed on 1-16 students enrolled at Angelo State University. The amount of a 1-17 pledge made under this subsection may not be reduced or abrogated 1-18 while the bonds for which the pledge is made, or bonds issued to 1-19 refund those bonds, are outstanding. 1-20 (c) Bonds issued under this section may not be issued in an 1-21 aggregate principal amount exceeding $16 million. 1-22 SECTION 2. The importance of this legislation and the 1-23 crowded condition of the calendars in both houses create an 1-24 emergency and an imperative public necessity that the 2-1 constitutional rule requiring bills to be read on three several 2-2 days in each house be suspended, and this rule is hereby suspended, 2-3 and that this Act take effect and be in force from and after its 2-4 passage, and it is so enacted.