H.B. No. 1013
1-1 AN ACT
1-2 relating to the powers and duties of the Texas Public Finance
1-3 Authority.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 9B(a), Texas Public Finance Authority Act
1-6 (Article 601d, Vernon's Texas Civil Statutes), is amended to read
1-7 as follows:
1-8 (a) With respect to all bonds authorized to be issued by the
1-9 Texas National Guard Armory Board, Texas National Research
1-10 Laboratory Commission, Parks and Wildlife Department, Texas
1-11 Department of Commerce, Texas Agricultural Finance Authority, and
1-12 all institutions of higher education authorized to issue bonds
1-13 under Chapter 55, Education Code, the authority has the exclusive
1-14 authority to act on behalf of those entities in issuing bonds on
1-15 their behalf. In connection with those issuances and with the
1-16 issuance of refunding bonds on behalf of those entities, the
1-17 authority is subject to all rights, duties, and conditions
1-18 surrounding issuance previously applicable to the issuing entity
1-19 under the statute authorizing the issuance. All references in an
1-20 authorizing statute to the entity on whose behalf the bonds are
1-21 being issued apply equally to the authority in its capacity as
1-22 issuer on behalf of the entity.
1-23 SECTION 2. The Texas Public Finance Authority Act (Article
1-24 601d, Vernon's Texas Civil Statutes) is amended by adding Section
2-1 9D to read as follows:
2-2 Sec. 9D. PARTICIPATION OF CERTAIN BUSINESSES IN ISSUANCE OF
2-3 OBLIGATIONS. (a) The authority shall make an effort to overcome
2-4 the underuse of historically underutilized businesses as businesses
2-5 receiving contracts for the purchase of services and supplies used
2-6 in connection with the issuance of obligations issued by the
2-7 authority.
2-8 (b) The authority shall submit a comprehensive annual report
2-9 to the governor detailing its use of historically underutilized
2-10 businesses.
2-11 (c) In this section, "historically underutilized business"
2-12 has the meaning as assigned by Section 481.101, Government Code.
2-13 (d) The rules adopted under this section may not be used to
2-14 discriminate against any citizen on the basis of sex, race, color,
2-15 creed, or national origin.
2-16 (e) This section does not create a new cause of action,
2-17 either public or private.
2-18 SECTION 3. Subchapter D, Chapter 58, Agriculture Code, is
2-19 amended by adding Section 58.041 to read as follows:
2-20 Sec. 58.041. BOND ISSUANCE BY TEXAS PUBLIC FINANCE
2-21 AUTHORITY. The Texas Public Finance Authority shall exercise the
2-22 board's authority provided by law to issue bonds and refunding
2-23 bonds. The Texas Public Finance Authority is subject to all
2-24 rights, duties, and conditions provided by law with respect to
2-25 issuance of bonds by the board.
2-26 SECTION 4. Subchapter A, Chapter 481, Government Code, is
2-27 amended by adding Section 481.0091 to read as follows:
3-1 Sec. 481.0091. BOND ISSUANCE BY TEXAS PUBLIC FINANCE
3-2 AUTHORITY. The Texas Public Finance Authority shall exercise the
3-3 department's authority provided by law to issue bonds and refunding
3-4 bonds. The Texas Public Finance Authority is subject to all
3-5 rights, duties, and conditions provided by law with respect to
3-6 issuance of bonds by the department.
3-7 SECTION 5. The Texas Public Finance Authority, with the
3-8 assistance of the General Services Commission, shall study the
3-9 benefits to the state of purchasing the following property and
3-10 issuing bonds for that purpose:
3-11 ALL THAT CERTAIN PARCEL OR TRACT OF LAND BEING ALL OF LOTS 1,
3-12 2, 3, 4 AND 5, OUTLOT 41, DIVISION "E" OF THE GOVERNMENT OUTLOTS OF
3-13 THE CITY OF AUSTIN, TRAVIS COUNTY, TEXAS, ACCORDING TO THE MAP OR
3-14 PLAT RECORDED IN THE GENERAL LAND OFFICE OF THE STATE OF TEXAS;
3-15 SAID LOTS 1, 2, 3, 4 AND 5 BEING CONVEYED TO THE FEDERAL DEPOSIT
3-16 INSURANCE CORPORATION BY SUBSTITUTE TRUSTEE'S DEED RECORDED IN
3-17 VOLUME 11579, PAGE 111 OF THE REAL PROPERTY RECORDS OF TRAVIS
3-18 COUNTY, TEXAS; AND BEING MORE PARTICULARLY DESCRIBED BY METES AND
3-19 BOUNDS AS FOLLOWS:
3-20 BEGINNING at a 1/2" iron rod found at the intersection of the
3-21 north right-of-way line of West 17th Street and the west
3-22 right-of-way line of Colorado Street for the southeast corner and
3-23 POINT OF BEGINNING of the herein described tract;
3-24 THENCE, with the north right-of-way line of West 17th Street,
3-25 the following two (2) courses:
3-26 (1) N7037'29"W a distance of 46.01 feet to a 5/8" iron
3-27 rod found in asphalt at the southwest corner of the above described
4-1 Lot 5; and
4-2 (2) N7039'23"W, pass a punch hole inside an "X" cut at
4-3 edge of concrete sidewalk at 46.00 feet, and continuing on for a
4-4 total distance of 230.01 feet to an "X" found on the concrete base
4-5 of a metal sign at the intersection with the east right-of-way line
4-6 of Lavaca Street for the southwest corner of this tract;
4-7 THENCE, with the east right-of-way line of Lavaca Street,
4-8 N1901'09"E a distance of 127.98 feet to a 1/2" iron rod found in
4-9 asphalt at the intersection with the south right-of-way line of a
4-10 twenty (20)-foot alley for the northwest corner of this tract;
4-11 THENCE, with the south right-of-way line of said twenty
4-12 (20)-foot alley, the following three (3) courses:
4-13 (1) S7047'50"E a distance of 183.99 feet to a 1/2"
4-14 iron rod found in asphalt at the northwest corner of the above
4-15 described Lot 4;
4-16 (2) S7040'47"E a distance of 46.07 feet to a 1/2" iron
4-17 rod found in asphalt at the northwest corner of said Lot 5; and
4-18 (3) S7010'49"E a distance of 45.96 feet to a hilty
4-19 nail found in asphalt at the intersection with the west
4-20 right-of-way line of Colorado Street for the northeast corner of
4-21 this tract;
4-22 THENCE, with the west right-of-way line of Colorado Street,
4-23 S1901'00"W a distance of 128.10 feet to the POINT OF BEGINNING, and
4-24 containing 0.813 acre (35,402 square feet) of land, more or less.
4-25 SECTION 6. The importance of this legislation and the
4-26 crowded condition of the calendars in both houses create an
4-27 emergency and an imperative public necessity that the
5-1 constitutional rule requiring bills to be read on three several
5-2 days in each house be suspended, and this rule is hereby suspended.