AN ACT

 1-1     relating to the authority of the board of regents of Texas Tech

 1-2     University to issue certain bonds and notes on behalf of Texas Tech

 1-3     University and Texas Tech University Health Sciences Center.

 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-5           SECTION 1.  Subsection (c), Section 62.021, Education Code,

 1-6     is amended to read as follows:

 1-7           (c)  Each governing board participating in the distribution

 1-8     of funds as described in this section may issue bonds and notes as

 1-9     authorized in Article VII, Section 17, of the Constitution of

1-10     Texas.  For purposes of this chapter, the governing board of Texas

1-11     Tech University may issue bonds and notes as authorized in Article

1-12     VII, Section 17, of the Constitution of Texas, on behalf of both

1-13     Texas Tech University and Texas Tech University Health Sciences

1-14     Center, and the annual appropriations of both institutions may be

1-15     combined and pledged by the governing body of Texas Tech University

1-16     in support of such bonds and notes.

1-17           SECTION 2.  The importance of this legislation and the

1-18     crowded condition of the calendars in both houses create an

1-19     emergency and an imperative public necessity that the

1-20     constitutional rule requiring bills to be read on three several

1-21     days in each house be suspended, and this rule is hereby suspended,

1-22     and that this Act take effect and be in force from and after its

1-23     passage, and it is so enacted.

         _______________________________     _______________________________

             President of the Senate              Speaker of the House

               I hereby certify that S.B. No. 1038 passed the Senate on

         April 17, 1997, by the following vote:  Yeas 31, Nays 0.

                                             _______________________________

                                                 Secretary of the Senate

               I hereby certify that S.B. No. 1038 passed the House on

         May 2, 1997, by the following vote:  Yeas 142, Nays 0, two present

         not voting.

                                             _______________________________

                                                 Chief Clerk of the House

         Approved:

         _______________________________

                     Date

         _______________________________

                   Governor