By Bivins                                             S.B. No. 1343
         76R4063 KEL-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the issuance of bonds to finance or refinance certain
 1-3     facilities used by an open-enrollment charter school.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Section 53.02, Education Code, is amended by
 1-6     adding Subdivision (13) to read as follows:
 1-7                 (13)  "Authorized charter school" means an
 1-8     open-enrollment charter school that holds a charter granted under
 1-9     Subchapter D, Chapter 12.
1-10           SECTION 2.  Section 53.48, Education Code, is amended to read
1-11     as follows:
1-12           Sec. 53.48.  BONDS FOR ACCREDITED PRIMARY OR SECONDARY
1-13     SCHOOLS.  In the same manner that a corporation may issue bonds
1-14     under this chapter for an institution of higher education, a
1-15     corporation created under Section 53.35(b) may issue bonds to
1-16     finance or refinance educational facilities or housing facilities
1-17     to be used by an accredited primary or secondary school or by an
1-18     authorized charter school.
1-19           SECTION 3.  The importance of this legislation and the
1-20     crowded condition of the calendars in both houses create an
1-21     emergency and an imperative public necessity that the
1-22     constitutional rule requiring bills to be read on three several
1-23     days in each house be suspended, and this rule is hereby suspended,
1-24     and that this Act take effect and be in force from and after its
 2-1     passage, and it is so enacted.