By Coleman, Gallegos, Davila,                         H.B. No. 2752
             Flores
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to authorizing the issuance of tuition revenue bonds for
    1-3  the University of Houston--Downtown.
    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.  UNIVERSITY OF HOUSTON--DOWNTOWN.  (a)  The
    1-8  board of regents of the University of Houston System may acquire,
    1-9  purchase, construct, renovate, enlarge, and equip buildings,
   1-10  facilities, and infrastructure for the University of
   1-11  Houston--Downtown.
   1-12        (b)  Beginning September 1, 1993, the board may issue bonds
   1-13  under this subchapter in an aggregate principal amount not to
   1-14  exceed $22.4 million to finance those items.
   1-15        (c)  The board may pledge irrevocably to the payment of those
   1-16  bonds all or any part of the aggregate amount of student tuition
   1-17  charges required or authorized by law to be imposed on students
   1-18  enrolled at the University of Houston--Downtown or at a component
   1-19  of the University of Houston System.  The amount of a pledge made
   1-20  under this subsection may not be reduced or abrogated while the
   1-21  bonds for which the pledge is made, or bonds issued to refund those
   1-22  bonds, are outstanding.
   1-23        SECTION 2.  The importance of this legislation and the
    2-1  crowded condition of the calendars in both houses create an
    2-2  emergency and an imperative public necessity that the
    2-3  constitutional rule requiring bills to be read on three several
    2-4  days in each house be suspended, and this rule is hereby suspended,
    2-5  and that this Act take effect and be in force from and after its
    2-6  passage, and it is so enacted.