1-1 AN ACT
1-2 relating to the issuance of bonds for projects by the Texas Public
1-3 Finance Authority.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 24A, Texas Public Finance Authority Act
1-6 (Article 601d, Vernon's Texas Civil Statutes), is amended to read
1-7 as follows:
1-8 Sec. 24A. SPECIFIC PROJECTS. (a) In addition to the
1-9 buildings that the legislature has previously approved for
1-10 acquisition or construction, the buildings described by this
1-11 section are approved for financing in accordance with Section 9 of
1-12 this Act. This section in no way limits the authority of the board
1-13 to issue obligations to finance the purchase or lease of equipment.
1-14 (b) The following projects are approved:
1-15 Project Estimated Cost
1-16 1. Aircraft Maintenance Shop and Office $2,787,000
1-17 Facilities in Travis County
1-18 2. Cosmetology Commission Building in Travis 1,520,000
1-19 County
1-20 3. Hazardous Materials Testing Laboratory for the 1,350,000
1-21 Texas Department of Health in Travis County
1-22 4. New Warehouse and Renovation of Existing 2,990,000
1-23 Warehouse for the [State Purchasing and]
1-24 General Services Commission in Travis County
2-1 5. Purchase and Renovation by the [State] 10,000,000
2-2 [Purchasing and] General Services
2-3 Commission of real property which is located
2-4 in, or partially or wholly within 1,000 feet
2-5 of: the Capitol Complex, Travis County, and
2-6 the John H. Winters Human Services Complex,
2-7 Travis County
2-8 6. Records and Equipment Warehouse for the State 1,538,000
2-9 Board of Insurance in Travis County
2-10 7. State Board of Insurance Building in Travis 59,937,000
2-11 County; facilities associated with
2-12 relocation of the State Aircraft Pooling Board
2-13 (not to exceed an estimated amount of $7,000,000);
2-14 and the acquisition and development of acreage
2-15 at Robert Mueller Municipal Airport for a
2-16 state complex (not to exceed an estimated
2-17 amount of $41,000,000)
2-18 8. State Data Processing Disaster Recovery 3,011,000
2-19 Operations Center in Travis County
2-20 9. Purchase and Renovation of New Headquarters 2,000,000
2-21 and Warehouse for [State Purchasing and]
2-22 General Services Commission in Travis County
2-23 10. Purchase and Renovation of an Office Building 43,500,000
2-24 in Travis County
2-25 11. Laboratory and Office Facilities for the Texas 42,300,000
2-26 Department of Health
2-27 TOTAL $170,933,000
3-1 (c) Notwithstanding the limitations prescribed by Section 9
3-2 of this Act relating to the location of buildings for which bonds
3-3 may be issued, the authority may issue bonds under this Act to
3-4 finance the renovation of West Building, G. J. Sutton State Office
3-5 Complex in Bexar County, at an estimated cost of $1,375,000; the
3-6 construction or purchase and renovation of a building or buildings
3-7 by the commission in Tarrant County, at an estimated cost of
3-8 $10,000,000; the construction or purchase and renovation of a
3-9 building or buildings by the commission in Harris County, at an
3-10 estimated cost of $20,000,000; and the purchase and renovation of a
3-11 building or buildings by the commission in McLennan County, at an
3-12 estimated cost of $5,000,000. For purposes of this subsection
3-13 regarding Tarrant and Harris counties, the commission shall, prior
3-14 to requesting the authority to issue bonds, prepare project
3-15 analyses for the potential construction projects and subsequent
3-16 thereto perform an alternative purchase analysis pursuant to
3-17 Chapter 2166, Government Code [the provisions of Section 5.34,
3-18 State Purchasing and General Services Act (Article 601b, Vernon's
3-19 Texas Civil Statutes)].
3-20 (d) Regarding Project 5 in Subsection (b) of this section,
3-21 the legislature finds that there is a continued need for the
3-22 acquisition of real property which is located in or in the
3-23 immediate vicinity of state office building complexes for the
3-24 continued operation of the government of the State of Texas in
3-25 provision of service to the people of this state; that there are
3-26 periodic fluctuations in the prices and values of real property;
3-27 and that the ability of the state to respond to rapidly changing
4-1 market conditions is necessary in order to acquire real property at
4-2 substantial savings to the taxpayer. Therefore, the [State
4-3 Purchasing and] General Services Commission is empowered hereby and
4-4 in accordance with Project 5 of Subsection (b) of this section to
4-5 purchase real property identified in that project number and to
4-6 make contracts necessary to carry out and effectuate the purposes
4-7 herein stated. Prior to the purchase of such property, the
4-8 commission must determine that the purchase would be in the state's
4-9 best interest.
4-10 SECTION 2. The importance of this legislation and the
4-11 crowded condition of the calendars in both houses create an
4-12 emergency and an imperative public necessity that the
4-13 constitutional rule requiring bills to be read on three several
4-14 days in each house be suspended, and this rule is hereby suspended,
4-15 and that this Act take effect and be in force from and after its
4-16 passage, and it is so enacted.
_______________________________ _______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 2877 was passed by the House on May
8, 1997, by the following vote: Yeas 134, Nays 0, 1 present, not
voting.
_______________________________
Chief Clerk of the House
I certify that H.B. No. 2877 was passed by the Senate on May
20, 1997, by the following vote: Yeas 31, Nays 0.
_______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor