1-1 By: Duncan S.B. No. 1038 1-2 (In the Senate - Filed March 7, 1997; March 11, 1997, read 1-3 first time and referred to Committee on Finance; April 8, 1997, 1-4 reported favorably by the following vote: Yeas 12, Nays 0; 1-5 April 8, 1997, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to the authority of the board of regents of Texas Tech 1-9 University to issue certain bonds and notes on behalf of Texas Tech 1-10 University and Texas Tech University Health Sciences Center. 1-11 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-12 SECTION 1. Subsection (c), Section 62.021, Education Code, 1-13 is amended to read as follows: 1-14 (c) Each governing board participating in the distribution 1-15 of funds as described in this section may issue bonds and notes as 1-16 authorized in Article VII, Section 17, of the Constitution of 1-17 Texas. For purposes of this chapter, the governing board of Texas 1-18 Tech University may issue bonds and notes as authorized in Article 1-19 VII, Section 17, of the Constitution of Texas, on behalf of both 1-20 Texas Tech University and Texas Tech University Health Sciences 1-21 Center, and the annual appropriations of both institutions may be 1-22 combined and pledged by the governing body of Texas Tech University 1-23 in support of such bonds and notes. 1-24 SECTION 2. The importance of this legislation and the 1-25 crowded condition of the calendars in both houses create an 1-26 emergency and an imperative public necessity that the 1-27 constitutional rule requiring bills to be read on three several 1-28 days in each house be suspended, and this rule is hereby suspended, 1-29 and that this Act take effect and be in force from and after its 1-30 passage, and it is so enacted. 1-31 * * * * *