SRC-JJJ S.B. 1343 76(R)   BILL ANALYSIS


Senate Research Center   S.B. 1343
76R4063 KEL-DBy: Bivins
Education
3/29/1999
As Filed


DIGEST 

Currently, Texas law authorizes the governing body of a city or cities to
create nonprofit corporations which may issue bonds for institutions of
higher education, or primary or secondary schools to finance or refinance
facilities.  This method of financing requires no commitment of public
funds and is entirely a market driven process.  S.B. 1343 would allow
corporations to issue bonds to assist open enrollment charter schools. 
   
PURPOSE

As proposed, S.B. 1343 establishes provisions relating to the issuance of
bonds to finance or refinance certain facilities used by an open-enrollment
charter school. 

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 53,02, Education Code, by adding Subdivision
(13), to define "authorized charter school" as an open-enrollment charter
school that holds a charter granted under Chapter 12D. 

SECTION 2.  Amends Section 53.48, Education Code, to authorize the issuance
of certain bonds to finance or refinance educational facilities to be used
by an accredited primary or secondary school or by an authorized charter
school. 

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