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 A.  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 an aggregate principal amount not to
   1-15  exceed $9 million to finance those items.
   1-16        (c)  The board may pledge irrevocably to the payment of those
   1-17  bonds all or any of the aggregate amount of student tuition charges
   1-18  required or authorized by law to be imposed on students enrolled at
   1-19  the University of Houston-Victoria or at a component of the
   1-20  University of Houston System.  The amount of a pledge made under
   1-21  this subsection may not be reduced or abrogated while the bonds for
   1-22  which the pledge is made, or bonds issued to refund those bonds,
   1-23  are outstanding.
    2-1        SECTION 2.  The importance of this legislation and the
    2-2  crowded condition of the calendars in both houses create an
    2-3  emergency and an imperative public necessity that the
    2-4  constitutional rule requiring bills to be read on three several
    2-5  days in each house be suspended, and this rule is hereby suspended,
    2-6  and that this Act take effect and be in force from and after its
    2-7  passage, and it is so enacted.
    2-8                       COMMITTEE AMENDMENT NO. 1
    2-9        Amend HB 2747 on page 2 by adding a new subsection (d):
   2-10        (d)  The board may repay the interest and principal on bonds
   2-11  issued under this section and maintenance and operations of the
   2-12  facility with appropriations that otherwise would have been for the
   2-13  lease of facilities.
   2-14                                                               Rangel
   2-15                       COMMITTEE AMENDMENT NO. 2
   2-16        Amend HB 2747 on page 1, line 15, between the words
   2-17  "subchapter" and "in", add "in accordance with a systemwide revenue
   2-18  financing program adopted by the board"
   2-19                                                               Rangel