HBA-JRA S.B. 1343 76(R)    BILL ANALYSIS


Office of House Bill AnalysisS.B. 1343
By: Bivins
Public Education
5/6/1999
Engrossed



BACKGROUND AND PURPOSE 

Currently, a corporation may not issue bonds to charter schools in the same
manner it does bonds for an institution of higher education.  S.B. 1343
authorizes a corporation created under Section 53.35(b) (Issuance of Bonds;
Procedure; Etc.) to issue bonds to finance or refinance educational or
housing facilities to be used by an authorized charter school, in the same
manner that a corporation is authorized to issue bonds under this chapter
(Higher Education Authorities) for an institution of higher education. 

RULEMAKING AUTHORITY

It is the opinion of the Office of House Bill Analysis that this bill does
not expressly delegate any additional rulemaking authority to a state
officer, department, agency, or institution. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 53.02, Education Code, is amended by adding
Subdivision (13), as follows: 

(13) Defines "authorized charter school" as an open-enrollment charter
school that holds a charter granted under Subchapter D (Open-Enrollment
Charter School), Chapter 12, Education Code. 

SECTION 2.  Amends Section 53.48, Education Code, to authorize a
corporation created under Section 53.35(b) (Issuance of Bonds; Procedure;
Etc.) to issue bonds to finance or refinance educational or housing
facilities to be used by an authorized charter school, in the same manner
that a corporation is authorized to issue bonds under this chapter (Higher
Education Authorities) for an institution of higher education. 

SECTION 3.  Emergency clause.
  Effective date: upon passage.