By:  Ellis                                            S.B. No. 1206
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the issuance of tuition revenue bonds for the
    1-2  University of Houston-Downtown.
    1-4        SECTION 1.  Subchapter A.  Chapter 55, Education Code, is
    1-5  amended by adding Section 55.174 to read as follows:
    1-6        Sec. 55.174.  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 renovate and construct pedestrian
   1-10  connections within and between buildings, acquire land and
   1-11  construct improvements, including roads, paving, sidewalks,
   1-12  lighting, safety, and other related infrastructure improvements for
   1-13  the University of Houston-Downtown.
   1-14        (b)  Beginning September 1, 1995, the board may issue bonds
   1-15  under this subchapter in an aggregate principal amount not to
   1-16  exceed $8.5 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-Downtown 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        SECTION 2.  The importance of this legislation and the
    2-3  crowded condition of the calendars in both houses create an
    2-4  emergency and an imperative public necessity that the
    2-5  constitutional rule requiring bills to be read on three several
    2-6  days in each house be suspended, and this rule is hereby suspended,
    2-7  and that this Act take effect and be in force from and after its
    2-8  passage, and it is so enacted.