By Gutierrez H.B. No. 104 77R744 QS-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to authorizing the issuance of revenue bonds for The Texas 1-3 A&M University System. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter B, Chapter 55, Education Code, is 1-6 amended by adding Section 55.1731 to read as follows: 1-7 Sec. 55.1731. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL 1-8 BONDS. (a) In addition to the other authority granted by this 1-9 subchapter, the board of regents of The Texas A&M University System 1-10 may acquire, purchase, construct, improve, renovate, enlarge, or 1-11 equip property, buildings, structures, facilities, roads, or 1-12 related infrastructure for The Texas A&M University System's South 1-13 Texas Center for Rural Public Health in McAllen to be financed by 1-14 the issuance of bonds in accordance with this subchapter and in 1-15 accordance with a systemwide revenue financing program adopted by 1-16 the board in an aggregate principal amount not to exceed $4.5 1-17 million. 1-18 (b) The board may pledge irrevocably to the payment of those 1-19 bonds all or any part of the revenue funds of an institution, 1-20 branch, or entity of The Texas A&M University System, including 1-21 student tuition charges. The amount of a pledge made under this 1-22 subsection may not be reduced or abrogated while the bonds for 1-23 which the pledge is made, or bonds issued to refund those bonds, 1-24 are outstanding. 2-1 (c) If sufficient funds are not available to the board to 2-2 meet its obligations under this section, the board may transfer 2-3 funds among institutions, branches, and entities of The Texas A&M 2-4 University System to ensure the most equitable and efficient 2-5 allocation of available resources for each institution, branch, or 2-6 entity to carry out its constitutional and statutory duties and 2-7 purposes. 2-8 SECTION 2. This Act takes effect immediately if it receives 2-9 a vote of two-thirds of all the members elected to each house, as 2-10 provided by Section 39, Article III, Texas Constitution. If this 2-11 Act does not receive the vote necessary for immediate effect, this 2-12 Act takes effect September 1, 2001.