By:  Brown, Jackson                                    S.B. No. 299
         99S0129/1                           
                                A BILL TO BE ENTITLED
                                       AN ACT
 1-1     relating to the issuance of revenue bonds for the University of
 1-2     Houston-Clear Lake.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1.  Subsection (a), Section 55.1723, Education Code,
 1-5     is amended to read as follows:  (a)  In addition to the other
 1-6     authority granted by this subchapter, the board of regents of the
 1-7     University of Houston System may acquire, purchase, construct,
 1-8     improve, renovate, enlarge, or equip property, buildings,
 1-9     structures, facilities, roads, or related infrastructure for the
1-10     following institutions to be financed by the issuance of bonds in
1-11     accordance with this subchapter and in accordance with a systemwide
1-12     revenue financing program adopted by the board in an aggregate
1-13     principal amount not to exceed the following amounts:
1-14                 (1)  the University of Houston, $12 million;
1-15                 (2)  the University of Houston-Downtown, $7.5 million;
1-16     [and]
1-17                 (3)  the University of Houston-Victoria, $10 million;
1-18     and
1-19                 (4)  the University of Houston-Clear Lake, $20 million.
1-20           SECTION 2.  This Act takes effect September 1, 1999.
1-21           SECTION 3.  The importance of this legislation and the
1-22     crowded condition of the calendars in both houses create an
1-23     emergency and an imperative public necessity that the
1-24     constitutional rule requiring bills to be read on three several
 2-1     days in each house be suspended and this rule is hereby suspended.