SRC-HRD S.B. 1038 75(R)   BILL ANALYSIS


Senate Research Center   S.B. 1038
By: Duncan
Finance
4-2-97
As Filed


DIGEST 

Currently, Texas law requires bonds and notes to be issued separately for
Texas Tech University and Texas Tech University Health Sciences Center,
even though the same individuals serve as the board of regents governing
both institutions.  This bill would permit the board of regents of Texas
Tech University to combine the authorizations of the Texas Tech University
Health Sciences Center and Texas Tech University and issue bonds and notes
on behalf of the two institutions under a single financing system. 

PURPOSE

As proposed, S.B. 1038 authorizes the governing board of Texas Tech
University to issue bonds and notes on behalf of both Texas Tech
University and the Texas Tech University Health Sciences Center.  This
bill also authorizes the annual appropriations of both institutions to be
combined and pledged by the governing body of Texas Tech University in
support of such bonds and notes. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 62.021(c), Education Code, to authorize, for the
purposes of this chapter, the governing board of Texas Tech University to
issue bonds and notes as authorized in Article VII, Section 17, of the
Constitution of Texas, on behalf of both Texas Tech University and Texas
Tech University Health Sciences Center, and authorize the annual
appropriations of both institutions to be combined and pledged by the
governing body of Texas Tech University in support of such bonds and
notes. 

SECTION 2. Emergency clause.
  Effective date: upon passage.