By:  Armbrister                                       S.B. No. 1073
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the issuance of tuition revenue bonds for the
    1-2  University of Houston-Victoria.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Subchapter A.  Chapter 55, Education Code, is
    1-5  amended by adding Section 55.173 to read as follows:
    1-6        Sec. 55.173.  THE UNIVERSITY OF HOUSTON SYSTEM.  (a)  In
    1-7  addition to the authority granted by Sections 55.13, 55.17, 55.171,
    1-8  55.1715 and 55.19 of this code, the board of regents of the
    1-9  University of Houston System may acquire, purchase, construct,
   1-10  renovate, enlarge, and equip buildings, facilities, roads, land,
   1-11  and infrastructure for the University of Houston-Victoria.
   1-12        (b)  Beginning September 1, 1995, the board may issue bonds
   1-13  under this subchapter in an aggregate principal amount not to
   1-14  exceed $9 million to finance those items.
   1-15        (c)  The board may pledge irrevocably to the payment of those
   1-16  bonds all or any of the aggregate amount of student tuition charges
   1-17  required or authorized by law to be imposed on students enrolled at
   1-18  the University of Houston-Victoria or at a component of the
   1-19  University of Houston System.  The amount of a pledge made under
   1-20  this subsection may not be reduced or abrogated while the bonds for
   1-21  which the pledge is made, or bonds issued to refund those bonds,
   1-22  are outstanding.
   1-23        SECTION 2.  The importance of this legislation and the
    2-1  crowded condition of the calendars in both houses create an
    2-2  emergency and an imperative public necessity that the
    2-3  constitutional rule requiring bills to be read on three several
    2-4  days in each house be suspended, and this rule is hereby suspended,
    2-5  and that this Act take effect and be in force from and after its
    2-6  passage, and it is so enacted.