Amend SB 274, as follows: (1) On page 1, line 18, insert "subject to the authority of the Texas Higher Education Coordinating Board (THECB)" between "shall" and "offer". (2) On page 2, line 16, strike "entering". (3) On page 2, line 25, add a new Section 4 as follows and renumber subsequent sections appropriately: SECTION 4. Not later than May 31, 1998, the THECB shall prepare an impact statement examining the initial implementation of this Act and shall deliver a copy of the statement to the board, to the board of trustees of Southmost Union Junior College District, and to the chair of the standing committee of each house of the legislature with primary jurisdiction over higher education.