By Duncan H.J.R. No. 103
74R4717 JSA-D
A JOINT RESOLUTION
1-1 proposing a constitutional amendment to provide for Permanent
1-2 University Fund income and other benefits to certain institutions
1-3 of The University of Texas System and The Texas A&M University
1-4 System.
1-5 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-6 SECTION 1. Sections 18(a) and (b), Article VII, Texas
1-7 Constitution, are amended to read as follows:
1-8 (a) The Board of Regents of The Texas A&M University System
1-9 may issue bonds and notes not to exceed a total amount of 10
1-10 percent of the cost value of the investments and other assets of
1-11 the permanent university fund (exclusive of real estate) at the
1-12 time of the issuance thereof, and may pledge all or any part of its
1-13 one-third interest in the available university fund to secure the
1-14 payment of the principal and interest of those bonds and notes, for
1-15 the purpose of acquiring land either with or without permanent
1-16 improvements, constructing and equipping buildings or other
1-17 permanent improvements, major repair and rehabilitation of
1-18 buildings and other permanent improvements, acquiring capital
1-19 equipment and library books and library materials, and refunding
1-20 bonds or notes issued under this Section or prior law, at or for
1-21 The Texas A&M University System administration and the following
1-22 component institutions of the system:
1-23 (1) Texas A&M University, including its medical
1-24 college which the legislature may authorize as a separate medical
2-1 institution;
2-2 (2) Prairie View A&M University, including its nursing
2-3 school in Houston;
2-4 (3) Tarleton State University;
2-5 (4) Texas A&M University at Galveston;
2-6 (5) Texas Forest Service;
2-7 (6) Texas Agricultural Experiment Stations;
2-8 (7) Texas Agricultural Extension Service;
2-9 (8) Texas Engineering Experiment Stations;
2-10 (9) Texas Transportation Institute; <and>
2-11 (10) Texas Engineering Extension Service;
2-12 (11) Texas A&M University--Corpus Christi;
2-13 (12) Texas A&M University--Kingsville;
2-14 (13) Texas A&M International University; and
2-15 (14) West Texas A&M University.
2-16 (b) The Board of Regents of The University of Texas System
2-17 may issue bonds and notes not to exceed a total amount of 20
2-18 percent of the cost value of investments and other assets of the
2-19 permanent university fund (exclusive of real estate) at the time of
2-20 issuance thereof, and may pledge all or any part of its two-thirds
2-21 interest in the available university fund to secure the payment of
2-22 the principal and interest of those bonds and notes, for the
2-23 purpose of acquiring land either with or without permanent
2-24 improvements, constructing and equipping buildings or other
2-25 permanent improvements, major repair and rehabilitation of
2-26 buildings and other permanent improvements, acquiring capital
2-27 equipment and library books and library materials, and refunding
3-1 bonds or notes issued under this section or prior law, at or for
3-2 The University of Texas System administration and the following
3-3 component institutions of the system:
3-4 (1) The University of Texas at Arlington;
3-5 (2) The University of Texas at Austin;
3-6 (3) The University of Texas at Brownsville;
3-7 (4) The University of Texas at Dallas;
3-8 (5) <(4)> The University of Texas at El Paso;
3-9 (6) The University of Texas--Pan American;
3-10 (7) <(5)> The University of Texas of the Permian
3-11 Basin;
3-12 (8) <(6)> The University of Texas at San Antonio;
3-13 (9) <(7)> The University of Texas at Tyler;
3-14 (10) <(8)> The University of Texas Southwestern
3-15 Medical <Health Science> Center at Dallas;
3-16 (11) <(9)> The University of Texas Medical Branch at
3-17 Galveston;
3-18 (12) <(10)> The University of Texas Health Science
3-19 Center at Houston;
3-20 (13) <(11)> The University of Texas Health Science
3-21 Center at San Antonio;
3-22 (14) <(12)> The University of Texas M. D. Anderson
3-23 <System> Cancer Center;
3-24 (15) <(13)> The University of Texas Health Center at
3-25 Tyler; and
3-26 (16) <(14)> The University of Texas Institute of Texan
3-27 Cultures at San Antonio.
4-1 SECTION 2. Section 17(b), Article VII, Texas Constitution,
4-2 is amended to read as follows:
4-3 (b) The funds appropriated under Subsection (a) of this
4-4 section shall be for the use of the following eligible agencies and
4-5 institutions of higher education (even though their names may be
4-6 changed):
4-7 (1) East Texas State University including East Texas
4-8 State University at Texarkana;
4-9 (2) Lamar University including Lamar University at
4-10 Orange and Lamar University at Port Arthur;
4-11 (3) Midwestern State University;
4-12 (4) University of North Texas;
4-13 (5) <The University of Texas--Pan American including
4-14 The University of Texas at Brownsville;>
4-15 <(6)> Stephen F. Austin State University;
4-16 (6) <(7)> Texas College of Osteopathic Medicine;
4-17 (7) <(8)> Texas State University System Administration
4-18 and the following component institutions:
4-19 (8) <(9)> Angelo State University;
4-20 (9) <(10)> Sam Houston State University;
4-21 (10) <(11)> Southwest Texas State University;
4-22 (11) <(12)> Sul Ross State University including Uvalde
4-23 Study Center;
4-24 (12) <(13)> Texas Southern University;
4-25 (13) <(14)> Texas Tech University;
4-26 (14) <(15)> Texas Tech University Health Sciences
4-27 Center;
5-1 (15) <(16)> Texas Woman's University;
5-2 (16) <(17)> University of Houston System
5-3 Administration and the following component institutions:
5-4 (17) <(18)> University of Houston;
5-5 (18) <(19)> University of Houston--Victoria;
5-6 (19) <(20)> University of Houston--Clear Lake;
5-7 (20) <(21)> University of Houston--Downtown;
5-8 <(22) Texas A&M University--Corpus Christi;>
5-9 <(23) Texas A&M International University;>
5-10 <(24) Texas A&M University--Kingsville;>
5-11 <(25) West Texas A&M University;> and
5-12 (21) <(26)> Texas State Technical College System and
5-13 its campuses, but not its extension centers or programs.
5-14 SECTION 3. Article VII, Texas Constitution, is amended by
5-15 adding Section 17A to read as follows:
5-16 Sec. 17A. (a) The transfer of agencies and institutions of
5-17 higher education from Section 17 of this article to Section 18 of
5-18 this article by the constitutional amendment proposed by the 74th
5-19 Legislature, Regular Session, 1995, applies beginning with the
5-20 state fiscal year that begins September 1, 1996.
5-21 (b) Beginning with the state fiscal year that begins
5-22 September 1, 1996, the funds allocated as provided by Section 17(d)
5-23 of this article to an agency or institution transferred by that
5-24 constitutional amendment from Section 17 of this article to Section
5-25 18 of this article shall be allocated to the other agencies and
5-26 institutions eligible to receive funds under Section 17 of this
5-27 article in proportion to the other funds allocated to those
6-1 agencies and institutions as provided by Section 17(d) of this
6-2 article, until the legislature or designated agency eliminates
6-3 those transferred agencies and institutions from the formula and
6-4 allocations made under Section 17(d) of this article.
6-5 (c) This section expires September 1, 2005.
6-6 SECTION 4. This proposed constitutional amendment shall be
6-7 submitted to the voters at an election to be held November 7, 1995.
6-8 The ballot shall be printed to permit voting for or against the
6-9 following proposition: "The constitutional amendment to entitle
6-10 certain colleges and universities in The University of Texas System
6-11 and The Texas A&M University System to participate in the income
6-12 and other benefits of the Permanent University Fund."