By Holzheauser                                        H.B. No. 2747
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the issuance of tuition revenue bonds for the
    1-3  University of Houston-Victoria.
    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 55.173 to read as follows:
    1-7        Sec. 55.173.  THE UNIVERSITY OF HOUSTON SYSTEM.  (a)  In
    1-8  addition to the authority granted by Sections 55.13, 55.17, 55.171,
    1-9  55.1715, and 55.19 of this code, the board of regents of the
   1-10  University of Houston System may acquire, purchase, construct,
   1-11  renovate, enlarge, and equip buildings, facilities, roads, land,
   1-12  and infrastructure for the University of Houston-Victoria.
   1-13        (b)  Beginning September 1, 1995, the board may issue bonds
   1-14  under this subchapter, in accordance with a systemwide revenue
   1-15  financing program adopted by the board, in an aggregate principal
   1-16  amount not to exceed $9 million to finance those items.
   1-17        (c)  The board may pledge irrevocably to the payment of those
   1-18  bonds all or any of the aggregate amount of student tuition charges
   1-19  required or authorized by law to be imposed on students enrolled at
   1-20  the University of Houston-Victoria or at a component of the
   1-21  University of Houston System.  The amount of a pledge made under
   1-22  this subsection may not be reduced or abrogated while the bonds for
   1-23  which the pledge is made, or bonds issued to refund those bonds,
    2-1  are outstanding.
    2-2        (d)  The board may repay the interest and principal on bonds
    2-3  issued under this section and maintenance and operations of the
    2-4  facility with appropriations that otherwise would have been for the
    2-5  lease of facilities.
    2-6        SECTION 2.  The importance of this legislation and the
    2-7  crowded condition of the calendars in both houses create an
    2-8  emergency and an imperative public necessity that the
    2-9  constitutional rule requiring bills to be read on three several
   2-10  days in each house be suspended, and this rule is hereby suspended,
   2-11  and that this Act take effect and be in force from and after its
   2-12  passage, and it is so enacted.