By Greenberg, Naishtat, Maxey, Keel, Dukes            H.B. No. 2877

         Substitute the following for H.B. No. 2877:

         By Ehrhardt                                       C.S.H.B. No. 2877

                                A BILL TO BE ENTITLED

 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         11,937,000

2-11          County

2-12     8.   Facilities associated with relocation of the         7,000,000

2-13          State Aircraft Pooling Board, not to exceed

2-14     9.   The acquisition and development of acreage at       41,000,000

2-15          Robert Mueller Municipal Airport for a state

2-16          complex

2-17     10.  State Data Processing Disaster Recovery              3,011,000

2-18          Operations Center in Travis County

2-19     11.  Purchase and Renovation of New Headquarters          2,000,000

2-20          and Warehouse for [State Purchasing and]

2-21          General Services Commission in Travis County

2-22     12.  Purchase and Renovation of an Office Building       43,500,000

2-23          in Travis County

2-24     13.  Laboratory and Office Facilities for the Texas      42,300,000

2-25          Department of Health

2-26                 TOTAL                                      $170,933,000

2-27           (c)  Notwithstanding the limitations prescribed by Section 9

 3-1     of this Act relating to the location of buildings for which bonds

 3-2     may be issued, the authority may issue bonds under this Act to

 3-3     finance the renovation of West Building, G. J. Sutton State Office

 3-4     Complex in Bexar County, at an estimated cost of $1,375,000; the

 3-5     construction or purchase and renovation of a building or buildings

 3-6     by the commission in Tarrant County, at an estimated cost of

 3-7     $10,000,000; the construction or purchase and renovation of a

 3-8     building or buildings by the commission in Harris County, at an

 3-9     estimated cost of $20,000,000; and the purchase and renovation of a

3-10     building or buildings by the commission in McLennan County, at an

3-11     estimated cost of $5,000,000.  For purposes of this subsection

3-12     regarding Tarrant and Harris counties, the commission shall, prior

3-13     to requesting the authority to issue bonds, prepare project

3-14     analyses for the potential construction projects and subsequent

3-15     thereto perform an alternative purchase analysis pursuant to

3-16     Chapter 2166, Government Code [the provisions of Section 5.34,

3-17     State Purchasing and  General Services Act (Article 601b, Vernon's

3-18     Texas Civil Statutes)].

3-19           (d)  Regarding Project 5 in Subsection (b) of this section,

3-20     the legislature finds that there is a continued need for the

3-21     acquisition of real property which is located in or in the

3-22     immediate vicinity of state office building complexes for the

3-23     continued operation of the government of the State of Texas in

3-24     provision of service to the people of this state; that there are

3-25     periodic fluctuations in the prices and values of real property;

3-26     and that the ability of the state to respond to rapidly changing

3-27     market conditions is necessary in order to acquire real property at

 4-1     substantial savings to the taxpayer.  Therefore, the [State

 4-2     Purchasing and] General Services Commission is empowered hereby and

 4-3     in accordance with Project 5 of Subsection (b) of this section to

 4-4     purchase real property identified in that project number and to

 4-5     make contracts necessary to carry out and effectuate the purposes

 4-6     herein stated.  Prior to the purchase of such property, the

 4-7     commission must determine that the purchase would be in the state's

 4-8     best interest.

 4-9           SECTION 2.  The importance of this legislation and the

4-10     crowded condition of the calendars in both houses create an

4-11     emergency and an imperative public necessity that the

4-12     constitutional rule requiring bills to be read on three several

4-13     days in each house be suspended, and this rule is hereby suspended,

4-14     and that this Act take effect and be in force from and after its

4-15     passage, and it is so enacted.