By Coleman                                      H.B. No. 2410

      75R8070 JSA-D                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to authorizing the issuance of revenue bonds for a nursing

 1-3     and biomedical sciences facility at The University of Texas Health

 1-4     Science Center at Houston.

 1-5           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-6           SECTION 1.  Subchapter B, Chapter 55, Education Code, is

 1-7     amended by adding Section 55.17141 to read as follows:

 1-8           Sec. 55.17141.  THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER

 1-9     AT HOUSTON.  (a)  In addition to the other authority  granted by

1-10     this subchapter, the board of regents of The University of Texas

1-11     System may acquire, purchase, construct, improve, renovate,

1-12     enlarge, or equip property, buildings, structures, facilities,

1-13     roads, or related infrastructure for a nursing and biomedical

1-14     sciences facility at The University of Texas Health Science Center

1-15     at Houston, to be financed by the issuance of bonds in accordance

1-16     with this subchapter, and in accordance with the systemwide revenue

1-17     financing program adopted by the board and secured as provided by

1-18     that program, in an aggregate principal amount not to exceed $20

1-19     million.

1-20           (b)  The board may pledge irrevocably to the payment of those

1-21     bonds all or any part of the revenue funds of an institution,

1-22     branch, or entity of The University of Texas System, including

1-23     student tuition charges required or authorized by law to be imposed

1-24     on students enrolled at an institution, branch, or entity of The

 2-1     University of Texas System.  The amount of a pledge made under this

 2-2     subsection may not be reduced or abrogated while the bonds for

 2-3     which the pledge is made, or bonds issued to refund those bonds,

 2-4     are outstanding.

 2-5           (c)  If sufficient funds are not available to the board to

 2-6     meet its obligations under this section, the board may transfer

 2-7     funds among institutions, branches, and entities of The University

 2-8     of Texas System to ensure the most equitable and efficient

 2-9     allocation of available resources for each institution, branch, or

2-10     entity to carry out its constitutional and statutory duties and

2-11     purposes.

2-12           SECTION 2.  The importance of this legislation and the

2-13     crowded condition of the calendars in both houses create an

2-14     emergency and an imperative public necessity that the

2-15     constitutional rule requiring bills to be read on three several

2-16     days in each house be suspended, and this rule is hereby suspended,

2-17     and that this Act take effect and be in force from and after its

2-18     passage, and it is so enacted.