By Johnson H.B. No. 1006 74R3066 JSA-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the issuance of bonds by Stephen F. Austin State 1-3 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 55.1719 to read as follows: 1-7 Sec. 55.1719. STEPHEN F. AUSTIN STATE UNIVERSITY. (a) The 1-8 board of regents of Stephen F. Austin State University may acquire, 1-9 purchase, construct, improve, renovate, enlarge, or equip property, 1-10 buildings, structures, facilities, roads, or related infrastructure 1-11 for Stephen F. Austin State University to be financed by the 1-12 issuance of bonds in accordance with this subchapter in the 1-13 aggregate principal amount of $20 million. The authority granted by 1-14 this section is in addition to authority granted to the board by 1-15 another section of this subchapter. 1-16 (b) The board may pledge irrevocably to the payment of those 1-17 bonds all or any part of the revenue funds of Stephen F. Austin 1-18 State University, including student tuition charges required or 1-19 authorized by law to be imposed on students enrolled at the 1-20 university. The amount of a pledge made under this subsection may 1-21 not be reduced or abrogated while the bonds for which the pledge is 1-22 made, or bonds issued to refund those bonds, are outstanding. 1-23 SECTION 2. The importance of this legislation and the 1-24 crowded condition of the calendars in both houses create an 2-1 emergency and an imperative public necessity that the 2-2 constitutional rule requiring bills to be read on three several 2-3 days in each house be suspended, and this rule is hereby suspended, 2-4 and that this Act take effect and be in force from and after its 2-5 passage, and it is so enacted.