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.