By Ellis S.B. No. 1468 75R6968 JSA-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to authorizing the issuance of revenue bonds for Texas 1-3 Southern University. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter B, Chapter 55, Education Code, is 1-6 amended by adding Section 55.174 to read as follows: 1-7 Sec. 55.174. TEXAS SOUTHERN UNIVERSITY. (a) In addition to 1-8 other authority granted by this subchapter, the board of regents of 1-9 Texas Southern University may acquire, purchase, construct, 1-10 improve, renovate, enlarge, or equip property, buildings, 1-11 structures, facilities, roads, or related infrastructure for Texas 1-12 Southern University to be financed by the issuance of bonds in 1-13 accordance with this subchapter and in accordance with a revenue 1-14 financing program adopted by the board in an aggregate principal 1-15 amount not to exceed $55 million. 1-16 (b) The board may pledge irrevocably to the payment of those 1-17 bonds all or any part of the revenue funds of Texas Southern 1-18 University, including student tuition charges required or 1-19 authorized by law to be imposed on students enrolled at the 1-20 university. The amount of a pledge made under this subsection may 1-21 not be reduced or abrogated while the bonds for which the pledge is 1-22 made, or bonds issued to refund those bonds, are outstanding. 1-23 SECTION 2. The importance of this legislation and the 1-24 crowded condition of the calendars in both houses create an 2-1 emergency and an imperative public necessity that the 2-2 constitutional rule requiring bills to be read on three several 2-3 days in each house be suspended, and this rule is hereby suspended, 2-4 and that this Act take effect and be in force from and after its 2-5 passage, and it is so enacted.