By:  Madla                                             S.B. No. 142
       73R880 SOS-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to authorizing public junior colleges to charge an
    1-3  endowment fee and to establish an endowment fund.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Subchapter A, Chapter 130, Education Code, is
    1-6  amended by adding Section 130.007 to read as follows:
    1-7        Sec. 130.007.  ENDOWMENT FEES AND ENDOWMENT FUND.  (a)  The
    1-8  board of trustees of a public junior college may establish an
    1-9  endowment fund outside the state treasury in a depository selected
   1-10  by the board of trustees.
   1-11        (b)  The board of trustees may collect from each student
   1-12  enrolled at the junior college an endowment fee to be used only for
   1-13  the operation and maintenance of the junior college.
   1-14        (c)  An endowment fee collected under this section shall be
   1-15  deposited in the endowment fund.
   1-16        SECTION 2.  The importance of this legislation and the
   1-17  crowded condition of the calendars in both houses create an
   1-18  emergency and an imperative public necessity that the
   1-19  constitutional rule requiring bills to be read on three several
   1-20  days in each house be suspended, and this rule is hereby suspended,
   1-21  and that this Act take effect and be in force from and after its
   1-22  passage, and it is so enacted.