MMA S.B. 1038 75(R)BILL ANALYSIS


HIGHER EDUCATION
S.B. 1038
By: Duncan (Jones, Delwin)
4-24-97
Committee Report (Unamended)



BACKGROUND 

Under present law, the Board of Regents of Texas Tech University also
serves independently as the Board of Regents of Texas Tech University
Health Sciences Center.  Chapter 62, Education Code, as currently written,
requires that bonds and notes be issued separately for each institution,
although the same individuals serve as the board of regents for both
institutions.  This results in a less efficient and more costly issuance
of bonds and notes on behalf of the two institutions. 

PURPOSE

S.B. 1038 would permit the governing board of Texas Tech University to
combine the authorizations of the Texas Tech University Health Sciences
Center (TTUHSC) and Texas Tech University (TTU) to issue bonds and notes
on behalf of the two institutions under a single financing system. 

RULEMAKING AUTHORITY

It is the committee's opinion that this bill does not expressly grant any
additional rulemaking authority to a state officer, department, agency or
institution. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Subsection (c), Section 62.021, Education Code by
inserting language which allows the governing board of Texas Tech
University, for the purpose of this chapter,  to issue bonds and notes for
both TTU and TTUHSC.  Authorizes annual appropriations to both
institutions to be combined and pledged in support of such bonds and
notes. 

SECTION 2.  Emergency clause.