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.