By:  Bivins                                           S.B. No. 1343
                                A BILL TO BE ENTITLED
                                       AN ACT
 1-1     relating to the issuance of bonds to finance or refinance certain
 1-2     facilities used by an open-enrollment charter school.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1.  Section 53.02, Education Code, is amended by
 1-5     adding Subdivision (13) to read as follows:
 1-6                 (13)  "Authorized charter school" means an
 1-7     open-enrollment charter school that holds a charter granted under
 1-8     Subchapter D, Chapter 12.
 1-9           SECTION 2.  Section 53.48, Education Code, is amended to read
1-10     as follows:
1-11           Sec. 53.48.  BONDS FOR ACCREDITED PRIMARY OR SECONDARY
1-12     SCHOOLS.  In the same manner that a corporation may issue bonds
1-13     under this chapter for an institution of higher education, a
1-14     corporation created under Section 53.35(b) may issue bonds to
1-15     finance or refinance educational facilities or housing facilities
1-16     to be used by an accredited primary or secondary school or by an
1-17     authorized charter school.
1-18           SECTION 3.  The importance of this legislation and the
1-19     crowded condition of the calendars in both houses create an
1-20     emergency and an imperative public necessity that the
1-21     constitutional rule requiring bills to be read on three several
1-22     days in each house be suspended, and this rule is hereby suspended,
1-23     and that this Act take effect and be in force from and after its
1-24     passage, and it is so enacted.