SRC-ARR S.B. 184 76(R)BILL ANALYSIS


Senate Research CenterS.B. 184
By: Barrientos
Higher Education
8/9/1999
Enrolled


DIGEST 

The Hinson-Hazelwood College Student Loan program has provided loans to
more than 261,000 low and moderate income students since it was established
in 1965. S.B.184 authorizes the Texas Higher Education Coordinating Board
to issue up to $400 million in general obligation bonds, pursuant to
approval by Texas voters, to provide funding for the program for the next
six years. 

PURPOSE

As enrolled, S.B. 184 authorizes the issuance of $400 million in general
obligation bonds for the student loan program administered by the Texas
Higher Education Coordinating Board, and authorizes the issuance of bonds. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 52.01, Education Code, to require the Texas
Higher Education Coordinating Board, or its successor, to administer the
student loan program authorized by this chapter pursuant to Article III,
Section 50b-5 of the Texas Constitution. 

SECTION 2. Amends Section 52.501(4), Education Code, to redefine "bond."

SECTION 3. Amends Section 52.81(2), Education Code, to make a conforming
change. 

SECTION 4. Amends Section 52.82(a), Education Code, to provide that the
Texas Higher Education Coordinating Board may by resolution authorize the
issuance of general obligation bonds in total aggregate amounts not to
exceed, among others, $400 million under Section 50b-5, Article III, Texas
Constitution.  Makes a conforming change. 

SECTION 5.  Amends Section 52.87, Education Code, to make conforming
changes. 

SECTION 6. Provides that this Act takes effect on the date on which the
constitutional amendment proposed by the 76th Legislature takes effect.
Provides that if the amendment is not approved by the voters, this Act has
no effect. 

SECTION 7. Emergency clause.