By Junell H.B. No. 1235
Substitute the following for H.B. No. 1235:
By Cuellar C.S.H.B. No. 1235
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to authorizing the issuance of revenue bonds for certain
1-3 public institutions of higher education.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 55.17(e), Education Code, is amended by
1-6 adding Subdivision (4) to read as follows:
1-7 (4) In addition to the other authority granted by this
1-8 subchapter, the board of regents of Texas Tech University and the
1-9 Texas Tech University Health Sciences Center may issue bonds in
1-10 accordance with this subchapter and in accordance with a systemwide
1-11 revenue financing program adopted by the board to finance the items
1-12 listed under Subdivision (1) of this subsection in an additional
1-13 aggregate principal amount for Texas Tech University not to exceed
1-14 $66 million, and in an additional aggregate principal amount for
1-15 the Texas Tech University Health Sciences Center not to exceed
1-16 $51.2 million. The board may pledge irrevocably to the payment of
1-17 those bonds all or any part of the revenue funds of Texas Tech
1-18 University or the Texas Tech University Health Sciences Center,
1-19 including student tuition charges required or authorized by law to
1-20 be imposed on students enrolled at Texas Tech University or at the
1-21 Texas Tech University Health Sciences Center. The amount of a
1-22 pledge made under this subdivision may not be reduced or abrogated
1-23 while the bonds for which the pledge is made, or bonds issued to
1-24 refund those bonds, are outstanding.
2-1 SECTION 2. Subchapter B, Chapter 55, Education Code, is
2-2 amended by adding Sections 55.1721, 55.1722, 55.1723, 55.1724,
2-3 55.1725, 55.1726, 55.1727, and 55.1728 to read as follows:
2-4 Sec. 55.1721. THE TEXAS A&M UNIVERSITY SYSTEM. (a) In
2-5 addition to the other authority granted by this subchapter, the
2-6 board of regents of The Texas A&M University System may acquire,
2-7 purchase, construct, improve, renovate, enlarge, or equip property,
2-8 buildings, structures, facilities, roads, or related infrastructure
2-9 for the following institutions to be financed by the issuance of
2-10 bonds in accordance with this subchapter and in accordance with a
2-11 systemwide revenue financing program adopted by the board in
2-12 aggregate principal amounts not to exceed the following amounts:
2-13 (1) Prairie View A&M University, $15 million;
2-14 (2) Tarleton State University, $15 million;
2-15 (3) Texas A&M University--Commerce, $10 million;
2-16 (4) Texas A&M University--Corpus Christi, $30 million;
2-17 (5) Texas A&M International University, $70 million;
2-18 (6) Texas A&M University--Kingsville, $17.5 million;
2-19 (7) Texas A&M University--Texarkana, $5 million; and
2-20 (8) West Texas A&M University, $10 million.
2-21 (b) The board may pledge irrevocably to the payment of those
2-22 bonds all or any part of the revenue funds of an institution,
2-23 branch, or entity of The Texas A&M University System, including
2-24 student tuition charges required or authorized by law to be imposed
2-25 on students enrolled at an institution, branch, or entity of The
2-26 Texas A&M University System. The amount of a pledge made under
2-27 this subsection may not be reduced or abrogated while the bonds for
3-1 which the pledge is made, or bonds issued to refund those bonds,
3-2 are outstanding.
3-3 (c) If sufficient funds are not available to the board to
3-4 meet its obligations under this section, the board may transfer
3-5 funds among institutions, branches, and entities of The Texas A&M
3-6 University System to ensure the most equitable and efficient
3-7 allocation of available resources for each institution, branch, or
3-8 entity to carry out its constitutional and statutory duties and
3-9 purposes.
3-10 Sec. 55.1722. THE UNIVERSITY OF TEXAS SYSTEM. (a) In
3-11 addition to the other authority granted by this subchapter, the
3-12 board of regents of The University of Texas System may acquire,
3-13 purchase, construct, improve, renovate, enlarge, or equip property,
3-14 buildings, structures, facilities, roads, or related infrastructure
3-15 for the following institutions to be financed by the issuance of
3-16 bonds in accordance with this subchapter, including bonds issued in
3-17 accordance with its systemwide revenue financing program and
3-18 secured as provided by that program in aggregate principal amounts
3-19 not to exceed the following amounts:
3-20 (1) The University of Texas at Arlington, $40.7
3-21 million;
3-22 (2) The University of Texas at Brownsville, $50
3-23 million;
3-24 (3) The University of Texas at Dallas, $6.4 million;
3-25 (4) The University of Texas at El Paso, $20 million;
3-26 (5) The University of Texas--Pan American, $42.08
3-27 million;
4-1 (6) The University of Texas of the Permian Basin,
4-2 $37.2 million;
4-3 (7) The University of Texas at San Antonio, $104.7
4-4 million; and
4-5 (8) The University of Texas at Tyler, $12.7 million.
4-6 (b) The board may pledge irrevocably to the payment of those
4-7 bonds all or any part of the revenue funds of an institution,
4-8 branch, or entity of The University of Texas System, including
4-9 student tuition charges required or authorized by law to be imposed
4-10 on students enrolled at an institution, branch, or entity of The
4-11 University of Texas System. The amount of a pledge made under this
4-12 subsection may not be reduced or abrogated while the bonds for
4-13 which the pledge is made, or bonds issued to refund those bonds,
4-14 are outstanding.
4-15 (c) If sufficient funds are not available to the board to
4-16 meet its obligations under this section, the board may transfer
4-17 funds among institutions, branches, and entities of The University
4-18 of Texas System to ensure the most equitable and efficient
4-19 allocation of available resources for each institution, branch, or
4-20 entity to carry out its constitutional and statutory duties and
4-21 purposes.
4-22 Sec. 55.1723. THE UNIVERSITY OF HOUSTON SYSTEM. (a) In
4-23 addition to the other authority granted by this subchapter, the
4-24 board of regents of the University of Houston System may acquire,
4-25 purchase, construct, improve, renovate, enlarge, or equip property,
4-26 buildings, structures, facilities, roads, or related infrastructure
4-27 for the University of Houston--Downtown to be financed by the
5-1 issuance of bonds in accordance with this subchapter and in
5-2 accordance with a systemwide revenue financing program adopted by
5-3 the board in an aggregate principal amount not to exceed $8.2
5-4 million.
5-5 (b) The board may pledge irrevocably to the payment of those
5-6 bonds all or any part of the revenue funds of an institution,
5-7 branch, or entity of the University of Houston System, including
5-8 student tuition charges required or authorized by law to be imposed
5-9 on students enrolled at an institution, branch, or entity of the
5-10 University of Houston System. The amount of a pledge made under
5-11 this subsection may not be reduced or abrogated while the bonds for
5-12 which the pledge is made, or bonds issued to refund those bonds,
5-13 are outstanding.
5-14 (c) If sufficient funds are not available to the board to
5-15 meet its obligations under this section, the board may transfer
5-16 funds among institutions, branches, and entities of the University
5-17 of Houston System to ensure the most equitable and efficient
5-18 allocation of available resources for each institution, branch, or
5-19 entity to carry out its duties and purposes.
5-20 Sec. 55.1724. TEXAS STATE UNIVERSITY SYSTEM. (a) In
5-21 addition to the other authority granted by this subchapter, the
5-22 board of regents of the Texas State University System may acquire,
5-23 purchase, construct, improve, renovate, enlarge, or equip property,
5-24 buildings, structures, facilities, roads, or related infrastructure
5-25 for the following institutions to be financed by the issuance of
5-26 bonds in accordance with this subchapter and in accordance with a
5-27 systemwide revenue financing program adopted by the board in
6-1 aggregate principal amounts not to exceed the following:
6-2 (1) Angelo State University, $22.06 million;
6-3 (2) Lamar University--Beaumont, $8.4 million;
6-4 (3) Lamar University Institute of Technology, $2.75
6-5 million;
6-6 (4) Lamar University--Orange, $4.6 million;
6-7 (5) Lamar University--Port Arthur, $3.16 million;
6-8 (6) Sam Houston State University, $8.97 million;
6-9 (7) Southwest Texas State University, $21.7 million;
6-10 and
6-11 (8) Sul Ross State University, $6.69 million.
6-12 (b) The board may pledge irrevocably to the payment of those
6-13 bonds all or any part of the revenue funds of an institution,
6-14 branch, or entity of the Texas State University System, including
6-15 student tuition charges required or authorized by law to be imposed
6-16 on students enrolled at an institution, branch, or entity of the
6-17 Texas State University System. The amount of a pledge made under
6-18 this subsection may not be reduced or abrogated while the bonds for
6-19 which the pledge is made, or bonds issued to refund those bonds,
6-20 are outstanding.
6-21 (c) If sufficient funds are not available to the board to
6-22 meet its obligations under this section, the board may transfer
6-23 funds among institutions, branches, and entities of the Texas State
6-24 University System to ensure the most equitable and efficient
6-25 allocation of available resources for each institution, branch, or
6-26 entity to carry out its duties and purposes.
6-27 Sec. 55.1725. UNIVERSITY OF NORTH TEXAS AND UNIVERSITY OF
7-1 NORTH TEXAS HEALTH SCIENCE CENTER AT FORT WORTH. (a) The board of
7-2 regents of the University of North Texas may acquire, purchase,
7-3 construct, improve, renovate, enlarge, or equip property,
7-4 buildings, structures, facilities, roads, or related infrastructure
7-5 for the University of North Texas or the University of North Texas
7-6 Health Science Center at Fort Worth to be financed by the issuance
7-7 of bonds in accordance with this subchapter in the aggregate
7-8 principal amounts not to exceed $24 million for the University of
7-9 North Texas and $23 million for the University of North Texas
7-10 Health Science Center at Fort Worth.
7-11 (b) The board may pledge irrevocably to the payment of those
7-12 bonds all or any part of the revenue funds of the University of
7-13 North Texas or the University of North Texas Health Science Center
7-14 at Fort Worth, including student tuition charges required or
7-15 authorized by law to be imposed on students enrolled at the
7-16 University of North Texas or the University of North Texas Health
7-17 Science Center at Fort Worth. The amount of a pledge made under
7-18 this subsection may not be reduced or abrogated while the bonds for
7-19 which the pledge is made, or bonds issued to refund those bonds,
7-20 are outstanding.
7-21 (c) If sufficient funds are not available to the board to
7-22 meet its obligations under this section, the board may transfer
7-23 funds between the University of North Texas and the University of
7-24 North Texas Health Science Center at Fort Worth to ensure the most
7-25 equitable and efficient allocation of available resources for the
7-26 University of North Texas and the University of North Texas Health
7-27 Science Center at Fort Worth to carry out their duties and
8-1 purposes.
8-2 Sec. 55.1726. TEXAS WOMAN'S UNIVERSITY. (a) The board of
8-3 regents of Texas Woman's University may acquire, purchase,
8-4 construct, improve, renovate, enlarge, or equip property,
8-5 buildings, structures, facilities, roads, or related infrastructure
8-6 for Texas Woman's University to be financed by the issuance of
8-7 bonds in accordance with this subchapter in the aggregate principal
8-8 amount not to exceed $10.1 million.
8-9 (b) The board may pledge irrevocably to the payment of those
8-10 bonds all or any part of the revenue funds of Texas Woman's
8-11 University, including student tuition charges required or
8-12 authorized by law to be imposed on students enrolled at Texas
8-13 Woman's University. The amount of a pledge made under this
8-14 subsection may not be reduced or abrogated while the bonds for
8-15 which the pledge is made, or bonds issued to refund those bonds,
8-16 are outstanding.
8-17 Sec. 55.1727. MIDWESTERN STATE UNIVERSITY. (a) The board
8-18 of regents of Midwestern State University may acquire, purchase,
8-19 construct, improve, renovate, enlarge, or equip property,
8-20 buildings, structures, facilities, roads, or related infrastructure
8-21 for Midwestern State University to be financed by the issuance of
8-22 bonds in accordance with this subchapter in the aggregate principal
8-23 amount not to exceed $15 million.
8-24 (b) The board may pledge irrevocably to the payment of those
8-25 bonds all or any part of the revenue funds of Midwestern State
8-26 University, including student tuition charges required or
8-27 authorized by law to be imposed on students enrolled at Midwestern
9-1 State University. The amount of a pledge made under this
9-2 subsection may not be reduced or abrogated while the bonds for
9-3 which the pledge is made, or bonds issued to refund those bonds,
9-4 are outstanding.
9-5 Sec. 55.1728. STEPHEN F. AUSTIN STATE UNIVERSITY. (a) The
9-6 board of regents of Stephen F. Austin State University may acquire,
9-7 purchase, construct, improve, renovate, enlarge, or equip property,
9-8 buildings, structures, facilities, roads, or related infrastructure
9-9 for Stephen F. Austin State University to be financed by the
9-10 issuance of bonds in accordance with this subchapter in the
9-11 aggregate principal amount not to exceed $10 million.
9-12 (b) The board may pledge irrevocably to the payment of those
9-13 bonds all or any part of the revenue funds of Stephen F. Austin
9-14 State University, including student tuition charges required or
9-15 authorized by law to be imposed on students enrolled at Stephen F.
9-16 Austin State University. The amount of a pledge made under this
9-17 subsection may not be reduced or abrogated while the bonds for
9-18 which the pledge is made, or bonds issued to refund those bonds,
9-19 are outstanding.
9-20 SECTION 3. The importance of this legislation and the
9-21 crowded condition of the calendars in both houses create an
9-22 emergency and an imperative public necessity that the
9-23 constitutional rule requiring bills to be read on three several
9-24 days in each house be suspended, and this rule is hereby suspended,
9-25 and that this Act take effect and be in force from and after its
9-26 passage, and it is so enacted.