1-1     By:  Barrientos                                        S.B. No. 184
 1-2           (In the Senate - Filed January 19, 1999; Janaury 28, 1999,
 1-3     read first time and referred to Committee on Education;
 1-4     April 6, 1999, reported favorably by the following vote:  Yeas 8,
 1-5     Nays 0; April 6, 1999, sent to printer.)
 1-6                            A BILL TO BE ENTITLED
 1-7                                   AN ACT
 1-8     relating to the student loan program administered by the Texas
 1-9     Higher Education Coordinating Board; authorizing the issuance of
1-10     bonds.
1-11           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-12           SECTION 1.  Subdivision (2), Section 52.81, Education Code,
1-13     is amended to read as follows:
1-14                 (2)  "Bond" means a general obligation bond issued by
1-15     the board under Article III, Section 50b-3, [or] 50b-4, or 50b-5 of
1-16     the Texas Constitution.
1-17           SECTION 2.  Subsection (a), Section 52.82, Education Code, is
1-18     amended to read as follows:
1-19           (a)  The board may by resolution authorize the issuance of
1-20     general obligation bonds in total aggregate amounts not to exceed:
1-21                 (1)  $300 million under Section 50b-3, Article III,
1-22     Texas Constitution; [and]
1-23                 (2)  $300 million under Section 50b-4, Article III,
1-24     Texas Constitution; and
1-25                 (3)  $400 million under Section 50b-5, Article III,
1-26     Texas Constitution.
1-27           SECTION 3.  Section 52.87, Education Code, is amended to read
1-28     as follows:
1-29           Sec. 52.87.  MANDAMUS.  The performance of official duties
1-30     prescribed by this subchapter and Article III, Sections 50b-3,
1-31     [and] 50b-4, and 50b-5 of the Texas Constitution, in reference to
1-32     the payment of the bonds, may be enforced in a court of competent
1-33     jurisdiction by mandamus or other appropriate proceedings.
1-34           SECTION 4.  This Act takes effect on the date on which the
1-35     constitutional amendment proposed by the 76th Legislature, Regular
1-36     Session, 1999, providing for the issuance of $400 million in
1-37     general obligation bonds to finance educational loans to students,
1-38     takes effect.  If that amendment is not approved by the voters,
1-39     this Act has no effect.
1-40           SECTION 5.  The importance of this legislation and the
1-41     crowded condition of the calendars in both houses create an
1-42     emergency and an imperative public necessity that the
1-43     constitutional rule requiring bills to be read on three several
1-44     days in each house be suspended, and this rule is hereby suspended,
1-45     and that this Act take effect and be in force according to its
1-46     terms, and it is so enacted.
1-47                                  * * * * *