76R10091 KEL-F                          
         By Barrientos, et al.                                  S.B. No. 184
         Substitute the following for S.B. No. 184:
         By Averitt                                         C.S.S.B. No. 184
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the student loan program administered by the Texas
 1-3     Higher Education Coordinating Board; authorizing the issuance of
 1-4     bonds.
 1-5           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-6           SECTION 1.  Section 52.01, Education Code, is amended to read
 1-7     as follows:
 1-8           Sec. 52.01.  ADMINISTRATION.  The Texas Higher Education
 1-9     Coordinating Board, or its successors, shall administer the student
1-10     loan program authorized by this chapter pursuant to Article III,
1-11     Sections 50b, 50b-1, 50b-2, 50b-3, [and] 50b-4, and 50b-5 of the
1-12     Texas Constitution.  Personnel and other expenses required to
1-13     properly administer this chapter shall be funded by:
1-14                 (1)  the general appropriations acts; or
1-15                 (2)  any other source of revenue received by the board
1-16     in connection with the operation of the student loan program.
1-17           SECTION 2.  Section 52.501(4), Education Code, is amended to
1-18     read as follows:
1-19                 (4)  "Bond" means a general obligation bond issued by
1-20     the board under Article III, Section 50b, 50b-1, 50b-2, 50b-3, [or]
1-21     50b-4, or 50b-5 of the Texas Constitution.
1-22           SECTION 3.  Section 52.81(2), Education Code, is amended to
1-23     read as follows:
1-24                 (2)  "Bond" means a general obligation bond issued by
 2-1     the board under Article III, Section 50b-3, [or] 50b-4, or 50b-5 of
 2-2     the Texas Constitution.
 2-3           SECTION 4.  Section 52.82(a), Education Code, is amended to
 2-4     read as follows:
 2-5           (a)  The board may by resolution authorize the issuance of
 2-6     general obligation bonds in total aggregate amounts not to exceed:
 2-7                 (1)  $300 million under Section 50b-3, Article III,
 2-8     Texas Constitution; [and]
 2-9                 (2)  $300 million under Section 50b-4, Article III,
2-10     Texas Constitution; and
2-11                 (3)  $400 million under Section 50b-5, Article III,
2-12     Texas Constitution.
2-13           SECTION 5.  Section 52.87, Education Code, is amended to read
2-14     as follows:
2-15           Sec. 52.87.  MANDAMUS.  The performance of official duties
2-16     prescribed by this subchapter and Article III, Sections 50b-3,
2-17     [and] 50b-4, and 50b-5 of the Texas Constitution, in reference to
2-18     the payment of the bonds, may be enforced in a court of competent
2-19     jurisdiction by mandamus or other appropriate proceedings.
2-20           SECTION 6.  This Act takes effect on the date on which the
2-21     constitutional amendment proposed by the 76th Legislature, Regular
2-22     Session, 1999, providing for the issuance of $400 million in
2-23     general obligation bonds to finance educational loans to students
2-24     takes effect.  If that amendment is not approved by the voters,
2-25     this Act has no effect.
2-26           SECTION 7.  The importance of this legislation and the
2-27     crowded condition of the calendars in both houses create an
 3-1     emergency and an imperative public necessity that the
 3-2     constitutional rule requiring bills to be read on three several
 3-3     days in each house be suspended, and this rule is hereby suspended,
 3-4     and that this Act take effect and be in force according to its
 3-5     terms, and it is so enacted.