SRC-JJJ S.B. 299 76(R)   BILL ANALYSIS


Senate Research Center   S.B. 299
By: Brown
Higher Education
2/12/1999
As Filed


DIGEST 

Since the establishment of the University of Houston-Clear Lake in 1971,
there have been no tuition revenue bonds  authorized for improvements or
expansion.  This bill would provide the issuance of $20 million in tuition
revenue bonds for the University of Houston-Clear Lake. 

PURPOSE

As proposed, S.B. 299 requires the issuance of revenue bonds for the
University of Houston-Clear Lake. 

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 55.1723(a), Education Code, to include the
University of HoustonClear Lake as an institution to be financed by the
issuance of bonds, not to exceed $20 million, in accordance with this
subchapter and systemwide revenue financing program adopted by the board
having management and control of an institution of higher education for
certain usages.  Makes a conforming change. 

SECTION 2.  Effective date: September 1, 1999.

SECTION 3.   Emergency clause.