1-1 By: Coleman, et al. (Senate Sponsor - Ellis) H.B. No. 2752
1-2 (In the Senate - Received from the House May 3, 1993;
1-3 May 4, 1993, read first time and referred to Committee on Finance;
1-4 May 24, 1993, reported adversely, with favorable Committee
1-5 Substitute by the following vote: Yeas 8, Nays 0; May 24, 1993,
1-6 sent to printer.)
1-7 COMMITTEE VOTE
1-8 Yea Nay PNV Absent
1-9 Montford x
1-10 Turner x
1-11 Armbrister x
1-12 Barrientos x
1-13 Bivins x
1-14 Ellis x
1-15 Haley x
1-16 Moncrief x
1-17 Parker x
1-18 Ratliff x
1-19 Sims x
1-20 Truan x
1-21 Zaffirini x
1-22 COMMITTEE SUBSTITUTE FOR H.B. No. 2752 By: Haley
1-23 A BILL TO BE ENTITLED
1-24 AN ACT
1-25 relating to authorizing the issuance of revenue bonds for certain
1-26 public institutions of higher education.
1-27 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-28 SECTION 1. Subchapter B, Chapter 55, Education Code, is
1-29 amended by adding Sections 55.1713 and 55.1714 to read as follows:
1-30 Sec. 55.1713. UNIVERSITY OF HOUSTON--DOWNTOWN. (a) The
1-31 board of regents of the University of Houston System may acquire,
1-32 purchase, construct, improve, renovate, enlarge, or equip property,
1-33 buildings, structures, facilities, roads, or related infrastructure
1-34 for the University of Houston--Downtown.
1-35 (b) The board may issue bonds under this section in an
1-36 aggregate principal amount not to exceed $22.4 million to finance
1-37 those items.
1-38 (c) The board may pledge irrevocably to the payment of those
1-39 bonds all or any part of the aggregate amount of the revenues,
1-40 incomes, receipts, rentals, rates, charges, fees, and tuition
1-41 levied or collected at the University of Houston--Downtown or at
1-42 another component of the University of Houston System and any
1-43 interest or other income from those funds. The amount of a pledge
1-44 made under this subsection may not be reduced or abrogated while
1-45 the bonds for which the pledge is made, or bonds issued to refund
1-46 those bonds, are outstanding.
1-47 Sec. 55.1714. STEPHEN F. AUSTIN STATE UNIVERSITY. (a) The
1-48 board of regents of Stephen F. Austin State University may acquire,
1-49 purchase, construct, improve, renovate, enlarge, or equip property,
1-50 buildings, structures, facilities, roads, or related infrastructure
1-51 for Stephen F. Austin State University.
1-52 (b) The board may issue bonds under this section in an
1-53 aggregate principal amount not to exceed $10.5 million to finance
1-54 those items.
1-55 (c) The board may pledge irrevocably to the payment of those
1-56 bonds all or any part of the aggregate amount of the revenues,
1-57 incomes, receipts, rentals, rates, charges, fees, and tuition
1-58 levied or collected at Stephen F. Austin State University and any
1-59 interest or other income from those funds. The amount of a pledge
1-60 made under this subsection may not be reduced or abrogated while
1-61 the bonds for which the pledge is made, or bonds issued to refund
1-62 those bonds, are outstanding.
1-63 SECTION 2. This Act takes effect September 1, 1993.
1-64 SECTION 3. The importance of this legislation and the
1-65 crowded condition of the calendars in both houses create an
1-66 emergency and an imperative public necessity that the
1-67 constitutional rule requiring bills to be read on three several
1-68 days in each house be suspended, and this rule is hereby suspended.
2-1 * * * * *
2-2 Austin,
2-3 Texas
2-4 May 24, 1993
2-5 Hon. Bob Bullock
2-6 President of the Senate
2-7 Sir:
2-8 We, your Committee on Finance to which was referred H.B. No. 2752,
2-9 have had the same under consideration, and I am instructed to
2-10 report it back to the Senate with the recommendation that it do not
2-11 pass, but that the Committee Substitute adopted in lieu thereof do
2-12 pass and be printed.
2-13 Montford,
2-14 Chairman
2-15 * * * * *
2-16 WITNESSES
2-17 No witnesses appeared on H.B. No. 2752.