By:  Barrientos, et al.                                S.B. No. 184
                                A BILL TO BE ENTITLED
                                       AN ACT
 1-1     relating to the student loan program administered by the Texas
 1-2     Higher Education Coordinating Board; authorizing the issuance of
 1-3     bonds.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Subdivision (2), Section 52.81, Education Code,
 1-6     is amended to read as follows:
 1-7                 (2)  "Bond" means a general obligation bond issued by
 1-8     the board under Article III, Section 50b-3, [or] 50b-4, or 50b-5 of
 1-9     the Texas Constitution.
1-10           SECTION 2.  Subsection (a), Section 52.82, Education Code, is
1-11     amended to read as follows:
1-12           (a)  The board may by resolution authorize the issuance of
1-13     general obligation bonds in total aggregate amounts not to exceed:
1-14                 (1)  $300 million under Section 50b-3, Article III,
1-15     Texas Constitution; [and]
1-16                 (2)  $300 million under Section 50b-4, Article III,
1-17     Texas Constitution; and
1-18                 (3)  $400 million under Section 50b-5, Article III,
1-19     Texas Constitution.
1-20           SECTION 3.  Section 52.87, Education Code, is amended to read
1-21     as follows:
1-22           Sec. 52.87.  MANDAMUS.  The performance of official duties
1-23     prescribed by this subchapter and Article III, Sections 50b-3,
1-24     [and] 50b-4, and 50b-5 of the Texas Constitution, in reference to
 2-1     the payment of the bonds, may be enforced in a court of competent
 2-2     jurisdiction by mandamus or other appropriate proceedings.
 2-3           SECTION 4.  This Act takes effect on the date on which the
 2-4     constitutional amendment proposed by the 76th Legislature, Regular
 2-5     Session, 1999, providing for the issuance of $400 million in
 2-6     general obligation bonds to finance educational loans to students,
 2-7     takes effect.  If that amendment is not approved by the voters,
 2-8     this Act has no effect.
 2-9           SECTION 5.  The importance of this legislation and the
2-10     crowded condition of the calendars in both houses create an
2-11     emergency and an imperative public necessity that the
2-12     constitutional rule requiring bills to be read on three several
2-13     days in each house be suspended, and this rule is hereby suspended,
2-14     and that this Act take effect and be in force according to its
2-15     terms, and it is so enacted.