By Junell, Gallego, King of Uvalde, Raymond, H.B. No. 658
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to authorizing the issuance of revenue bonds to fund
1-3 capital projects at public institutions of higher education.
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 Sections 55.1731, 55.1732, 55.1733, 55.1734,
1-7 55.1735, 55.1736, 55.1737, 55.1738, 55.1739, 55.17391, and 55.17392
1-8 to read as follows:
1-9 Sec. 55.1731. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL
1-10 BONDS. (a) In addition to the other authority granted by this
1-11 subchapter, the board of regents of The Texas A&M University System
1-12 may issue in accordance with this subchapter and in accordance with
1-13 a systemwide revenue financing program adopted by the board bonds
1-14 for the following institutions not to exceed the following
1-15 aggregate principal amounts to finance projects specified as
1-16 follows:
1-17 (1) Prairie View A&M University:
1-18 (A) $12 million to construct or renovate
1-19 engineering facilities;
1-20 (B) $26 million to construct and renovate an
1-21 architecture building;
1-22 (C) $15 million for other campus renovations;
1-23 and
1-24 (D) $15 million to construct a juvenile justice
1-25 and psychology building;
2-1 (2) Tarleton State University, $19.8 million for a
2-2 library addition and renovation of a mathematics building;
2-3 (3) Texas A&M University--Commerce, $15,840,000 to
2-4 replace a science building wing;
2-5 (4) Texas A&M University--Corpus Christi, $36 million
2-6 to construct a classroom and laboratory facility and for
2-7 construction of the Harte Research Center;
2-8 (5) Texas A&M International University, $18,620,000 to
2-9 construct a science building (Phase IV);
2-10 (6) Texas A&M University at Galveston, $10,620,000 to
2-11 construct an engineering building;
2-12 (7) Texas A&M University--Kingsville:
2-13 (A) $11.6 million to construct facilities for a
2-14 pharmacy school; and
2-15 (B) $10.8 million to construct a student
2-16 services building;
2-17 (8) Texas A&M University--Texarkana, $18 million to
2-18 construct a health science building and for library renovation;
2-19 (9) West Texas A&M University, $24,120,000 to
2-20 construct a fine arts complex; and
2-21 (10) The Texas A&M University Health Science Center,
2-22 $12,870,000 for construction of classroom and faculty office
2-23 facilities for the School of Rural Public Health.
2-24 (b) The board may pledge irrevocably to the payment of those
2-25 bonds all or any part of the revenue funds of an institution,
2-26 branch, or entity of The Texas A&M University System, including
2-27 student tuition charges. The amount of a pledge made under this
3-1 subsection may not be reduced or abrogated while the bonds for
3-2 which the pledge is made, or bonds issued to refund those bonds,
3-3 are outstanding.
3-4 (c) If sufficient funds are not available to the board to
3-5 meet its obligations under this section, the board may transfer
3-6 funds among institutions, branches, and entities of The Texas A&M
3-7 University System to ensure the most equitable and efficient
3-8 allocation of available resources for each institution, branch, or
3-9 entity to carry out its duties and purposes.
3-10 (d) Any portion of the proceeds of bonds authorized by this
3-11 section for one or more specified projects at an institution that
3-12 is not required for the specified projects may be used to renovate
3-13 existing structures and facilities at the institution.
3-14 (e) The bonds authorized by Subsection (a)(1)(D) for Prairie
3-15 View A&M University may not be issued before March 1, 2003.
3-16 Sec. 55.1732. THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL
3-17 BONDS. (a) In addition to the other authority granted by this
3-18 subchapter, the board of regents of The University of Texas System
3-19 may issue in accordance with this subchapter and in accordance with
3-20 a systemwide revenue financing program adopted by the board bonds
3-21 for the following institutions not to exceed the following
3-22 aggregate principal amounts to finance projects specified as
3-23 follows:
3-24 (1) The University of Texas at Arlington, $10,775,000
3-25 to construct a science building;
3-26 (2) The University of Texas at Brownsville,
3-27 $27,540,000 to construct a life and health science and education
4-1 facility (Phase II);
4-2 (3) The University of Texas at Dallas, $15 million to
4-3 renovate Founders Hall, Founders Annex, and Berkner Hall;
4-4 (4) The University of Texas at El Paso, $6,250,000 to
4-5 construct a biomedical and health sciences research center;
4-6 (5) The University of Texas--Pan American, $31.5
4-7 million for education complex, library, and multipurpose center
4-8 renovation and construction;
4-9 (6) The University of Texas of the Permian Basin:
4-10 (A) $2.5 million for integrated Mesa Building
4-11 renovations; and
4-12 (B) $250,000 for gymnasium renovations;
4-13 (7) The University of Texas at San Antonio, $8,750,000
4-14 to construct a science building on the main campus;
4-15 (8) The University of Texas at Tyler, $9 million to
4-16 construct an engineering, sciences, and technology building;
4-17 (9) The University of Texas Southwestern Medical
4-18 Center at Dallas, $40 million for North Campus phase IV
4-19 construction;
4-20 (10) The University of Texas Medical Branch at
4-21 Galveston, $18 million to renovate and expand research facilities;
4-22 (11) The University of Texas Health Science Center at
4-23 Houston, $13,770,000 to construct a classroom building;
4-24 (12) The University of Texas Health Science Center at
4-25 San Antonio, $16.2 million to construct a facility for student
4-26 services and academic administration;
4-27 (13) the Regional Academic Health Center established
5-1 under Section 74.611, $27 million to construct a teaching and
5-2 learning laboratory in or near the city of Harlingen;
5-3 (14) The University of Texas Health Center at Tyler,
5-4 $9,630,000 to construct a biomedical research center addition; and
5-5 (15) The University of Texas M. D. Anderson Cancer
5-6 Center, $13,847,328 to construct a basic sciences research
5-7 building.
5-8 (b) The board may pledge irrevocably to the payment of those
5-9 bonds all or any part of the revenue funds of an institution,
5-10 branch, or entity of The University of Texas System, including
5-11 student tuition charges. The amount of a pledge made under this
5-12 subsection may not be reduced or abrogated while the bonds for
5-13 which the pledge is made, or bonds issued to refund those bonds,
5-14 are outstanding.
5-15 (c) If sufficient funds are not available to the board to
5-16 meet its obligations under this section, the board may transfer
5-17 funds among institutions, branches, and entities of The University
5-18 of Texas System to ensure the most equitable and efficient
5-19 allocation of available resources for each institution, branch, or
5-20 entity to carry out its duties and purposes.
5-21 (d) Any portion of the proceeds of bonds authorized by this
5-22 section for one or more specified projects at an institution that
5-23 is not required for the specified projects may be used to renovate
5-24 existing structures and facilities at the institution.
5-25 Sec. 55.1733. THE UNIVERSITY OF HOUSTON SYSTEM; ADDITIONAL
5-26 BONDS. (a) In addition to the other authority granted by this
5-27 subchapter, the board of regents of the University of Houston
6-1 System may issue in accordance with this subchapter and in
6-2 accordance with a systemwide revenue financing program adopted by
6-3 the board bonds for the following institutions not to exceed the
6-4 following aggregate principal amounts to finance projects specified
6-5 as follows:
6-6 (1) the University of Houston, $54 million to
6-7 construct science and engineering research and classroom
6-8 facilities;
6-9 (2) the University of Houston--Downtown, $19,305,000
6-10 to construct a classroom building;
6-11 (3) the University of Houston--Clear Lake, $32,737,500
6-12 to construct a student services and classroom building; and
6-13 (4) the University of Houston--Victoria:
6-14 (A) $630,000 to remodel the University West
6-15 facility;
6-16 (B) $945,000 to acquire and renovate a facility
6-17 services building; and
6-18 (C) $1,215,000 to renovate and expand a facility
6-19 for the center for community initiatives.
6-20 (b) The board may pledge irrevocably to the payment of those
6-21 bonds all or any part of the revenue funds of an institution,
6-22 branch, or entity of the University of Houston System, including
6-23 student tuition charges. The amount of a pledge made under this
6-24 subsection may not be reduced or abrogated while the bonds for
6-25 which the pledge is made, or bonds issued to refund those bonds,
6-26 are outstanding.
6-27 (c) If sufficient funds are not available to the board to
7-1 meet its obligations under this section, the board may transfer
7-2 funds among institutions, branches, and entities of the University
7-3 of Houston System to ensure the most equitable and efficient
7-4 allocation of available resources for each institution, branch, or
7-5 entity to carry out its duties and purposes.
7-6 (d) Any portion of the proceeds of bonds authorized by this
7-7 section for one or more specified projects at an institution that
7-8 is not required for the specified projects may be used to renovate
7-9 existing structures and facilities at the institution.
7-10 Sec. 55.1734. TEXAS STATE UNIVERSITY SYSTEM; ADDITIONAL
7-11 BONDS. (a) In addition to the other authority granted by this
7-12 subchapter, the board of regents of the Texas State University
7-13 System may issue in accordance with this subchapter and in
7-14 accordance with a systemwide revenue financing program adopted by
7-15 the board bonds for the following institutions not to exceed the
7-16 following aggregate principal amounts to finance projects specified
7-17 as follows:
7-18 (1) Angelo State University, $17,912,700 to expand and
7-19 renovate institutional facilities;
7-20 (2) Lamar University--Beaumont, $23,073,984 to
7-21 renovate and repair campus buildings;
7-22 (3) Lamar Institute of Technology, $5,613,840 to
7-23 renovate Gentry Hall and convert it to classroom and laboratory
7-24 use;
7-25 (4) Lamar State College--Orange, $2,250,000 for campus
7-26 site development;
7-27 (5) Lamar State College--Port Arthur:
8-1 (A) $6.3 million to construct a performing arts
8-2 and classroom building; and
8-3 (B) $1,530,000 to expand the Gates Memorial
8-4 Library and develop an adjacent plaza;
8-5 (6) Sam Houston State University, $18 million to
8-6 renovate and expand the Farrington Building;
8-7 (7) Southwest Texas State University, $19,521,000 to
8-8 construct a business building; and
8-9 (8) Sul Ross State University:
8-10 (A) $13,050,000 to renovate and expand the range
8-11 animal science facility and adjacent science building; and
8-12 (B) $900,000 to replace and expand chiller
8-13 equipment and facilities.
8-14 (b) The board may pledge irrevocably to the payment of those
8-15 bonds all or any part of the revenue funds of an institution,
8-16 branch, or entity of the Texas State University System, including
8-17 student tuition charges. The amount of a pledge made under this
8-18 subsection may not be reduced or abrogated while the bonds for
8-19 which the pledge is made, or bonds issued to refund those bonds,
8-20 are outstanding.
8-21 (c) If sufficient funds are not available to the board to
8-22 meet its obligations under this section, the board may transfer
8-23 funds among institutions, branches, and entities of the Texas State
8-24 University System to ensure the most equitable and efficient
8-25 allocation of available resources for each institution, branch, or
8-26 entity to carry out its duties and purposes.
8-27 (d) Any portion of the proceeds of bonds authorized by this
9-1 section for one or more specified projects at an institution that
9-2 is not required for the specified projects may be used to renovate
9-3 existing structures and facilities at the institution.
9-4 Sec. 55.1735. UNIVERSITY OF NORTH TEXAS SYSTEM; ADDITIONAL
9-5 BONDS. (a) In addition to the other authority granted by this
9-6 subchapter, the board of regents of the University of North Texas
9-7 System may issue in accordance with this subchapter and in
9-8 accordance with a systemwide revenue financing program adopted by
9-9 the board bonds for the following institutions not to exceed the
9-10 following aggregate principal amounts to finance projects specified
9-11 as follows:
9-12 (1) the University of North Texas, $29,047,500 to
9-13 construct a science building; and
9-14 (2) the University of North Texas Health Science
9-15 Center at Fort Worth, $22,320,000 to construct a biotechnology
9-16 center and school of public health building.
9-17 (b) The board may pledge irrevocably to the payment of those
9-18 bonds all or any part of the revenue funds of the University of
9-19 North Texas or the University of North Texas Health Science Center
9-20 at Fort Worth, including student tuition charges. The amount of a
9-21 pledge made under this subsection may not be reduced or abrogated
9-22 while the bonds for which the pledge is made, or bonds issued to
9-23 refund those bonds, are outstanding.
9-24 (c) If sufficient funds are not available to the board to
9-25 meet its obligations under this section, the board may transfer
9-26 funds between the University of North Texas and the University of
9-27 North Texas Health Science Center at Fort Worth to ensure the most
10-1 equitable and efficient allocation of available resources for the
10-2 University of North Texas and the University of North Texas Health
10-3 Science Center at Fort Worth to carry out their duties and
10-4 purposes.
10-5 (d) Any portion of the proceeds of bonds authorized by this
10-6 section for one or more specified projects at an institution that
10-7 is not required for the specified projects may be used to renovate
10-8 existing structures and facilities at the institution.
10-9 Sec. 55.1736. TEXAS WOMAN'S UNIVERSITY. (a) In addition to
10-10 the other authority granted by this subchapter, the board of
10-11 regents of Texas Woman's University may issue bonds in accordance
10-12 with this subchapter in the aggregate principal amount not to
10-13 exceed $27,315,000 to finance the renovation of academic and
10-14 administrative buildings at Texas Woman's University.
10-15 (b) The board may pledge irrevocably to the payment of those
10-16 bonds all or any part of the revenue funds of Texas Woman's
10-17 University, including student tuition charges. The amount of a
10-18 pledge made under this subsection may not be reduced or abrogated
10-19 while the bonds for which the pledge is made, or bonds issued to
10-20 refund those bonds, are outstanding.
10-21 (c) Any portion of the proceeds of bonds authorized by this
10-22 section for one or more specified projects that is not required for
10-23 the specified projects may be used to renovate existing structures
10-24 and facilities at the institution.
10-25 Sec. 55.1737. MIDWESTERN STATE UNIVERSITY; ADDITIONAL BONDS.
10-26 (a) In addition to the other authority granted by this subchapter,
10-27 the board of regents of Midwestern State University may issue in
11-1 accordance with this subchapter bonds not to exceed the following
11-2 aggregate principal amounts to finance the following projects at
11-3 Midwestern State University:
11-4 (1) $3,060,000 to renovate and replace chilled water
11-5 and chilling equipment and systems;
11-6 (2) $2,250,000 to renovate and replace HVAC equipment
11-7 and systems; and
11-8 (3) $3,060,000 to repair and renovate streets and
11-9 parking surfaces and to improve drainage and sewer systems.
11-10 (b) The board may pledge irrevocably to the payment of those
11-11 bonds all or any part of the revenue funds of Midwestern State
11-12 University, including student tuition charges. The amount of a
11-13 pledge made under this subsection may not be reduced or abrogated
11-14 while the bonds for which the pledge is made, or bonds issued to
11-15 refund those bonds, are outstanding.
11-16 (c) Any portion of the proceeds of bonds authorized by this
11-17 section for one or more specified projects that is not required for
11-18 the specified projects may be used to renovate existing structures
11-19 and facilities at the institution.
11-20 Sec. 55.1738. STEPHEN F. AUSTIN STATE UNIVERSITY. (a) In
11-21 addition to the other authority granted by this subchapter, the
11-22 board of regents of Stephen F. Austin State University may issue in
11-23 accordance with this subchapter bonds not to exceed the following
11-24 aggregate principal amounts to finance the following projects at
11-25 Stephen F. Austin State University:
11-26 (1) $5,580,000 to construct a telecommunications
11-27 building and to renovate power plant facilities; and
12-1 (2) $5,220,000 to replace or renovate the Birdwell
12-2 Building.
12-3 (b) The board may pledge irrevocably to the payment of those
12-4 bonds all or any part of the revenue funds of Stephen F. Austin
12-5 State University, including student tuition charges. The amount of
12-6 a pledge made under this subsection may not be reduced or abrogated
12-7 while the bonds for which the pledge is made, or bonds issued to
12-8 refund those bonds, are outstanding.
12-9 (c) Any portion of the proceeds of bonds authorized by this
12-10 section for one or more specified projects that is not required for
12-11 the specified projects may be used to renovate existing structures
12-12 and facilities at the institution.
12-13 Sec. 55.1739. TEXAS TECH UNIVERSITY SYSTEM; ADDITIONAL
12-14 BONDS. (a) In addition to the other authority granted by this
12-15 subchapter, the board of regents of the Texas Tech University
12-16 System may issue in accordance with this subchapter and in
12-17 accordance with a systemwide revenue financing program adopted by
12-18 the board bonds for the following institutions not to exceed the
12-19 following aggregate principal amounts for projects specified as
12-20 follows:
12-21 (1) Texas Tech University, $12,420,000 to construct a
12-22 food technology and animal science building; and
12-23 (2) Texas Tech University Health Sciences Center:
12-24 (A) $24,194,273 to construct a clinical and
12-25 research facility in the city of Lubbock; and
12-26 (B) $40 million to construct facilities to
12-27 support its educational programs in the city of El Paso.
13-1 (b) The board may pledge irrevocably to the payment of those
13-2 bonds all or any part of the revenue funds of Texas Tech University
13-3 or the Texas Tech University Health Sciences Center, including
13-4 student tuition charges. The amount of a pledge made under this
13-5 subsection may not be reduced or abrogated while the bonds for
13-6 which the pledge is made, or bonds issued to refund those bonds,
13-7 are outstanding.
13-8 (c) If sufficient funds are not available to the board to
13-9 meet its obligations under this section, the board may transfer
13-10 funds between Texas Tech University and the Texas Tech University
13-11 Health Sciences Center to ensure the most equitable and efficient
13-12 allocation of available resources for Texas Tech University and the
13-13 Texas Tech University Health Sciences Center to carry out their
13-14 duties and purposes.
13-15 (d) Any portion of the proceeds of bonds authorized by this
13-16 section for one or more specified projects at an institution that
13-17 is not required for the specified projects may be used to renovate
13-18 existing structures and facilities at the institution.
13-19 Sec. 55.17391. TEXAS SOUTHERN UNIVERSITY; ADDITIONAL BONDS.
13-20 (a) In addition to other authority granted by this subchapter, the
13-21 board of regents of Texas Southern University may issue in
13-22 accordance with this subchapter bonds not to exceed the following
13-23 aggregate principal amounts to finance the following projects at
13-24 Texas Southern University:
13-25 (1) $30 million to construct a science building;
13-26 (2) $14.5 million to renovate campus facilities,
13-27 including electrical and piping systems;
14-1 (3) $5 million for campus landscaping;
14-2 (4) $14.5 million for campus renovations; and
14-3 (5) $15 million to construct a building for the school
14-4 of public affairs.
14-5 (b) The board may pledge irrevocably to the payment of those
14-6 bonds all or any part of the revenue funds of Texas Southern
14-7 University, including student tuition charges required or
14-8 authorized by law to be imposed on students enrolled at the
14-9 university. The amount of a pledge made under this subsection may
14-10 not be reduced or abrogated while the bonds for which the pledge is
14-11 made, or bonds issued to refund those bonds, are outstanding.
14-12 (c) Any portion of the proceeds of bonds authorized by this
14-13 section for one or more specified projects that is not required for
14-14 the specified projects may be used to renovate existing structures
14-15 and facilities at the institution.
14-16 (d) The bonds authorized by Subsections (a)(4) and (5) may
14-17 not be issued before March 1, 2003.
14-18 Sec. 55.17392. TEXAS STATE TECHNICAL COLLEGE SYSTEM. (a)
14-19 The board of regents of the Texas State Technical College System
14-20 may issue in accordance with this subchapter and in accordance with
14-21 a systemwide revenue financing program adopted by the board bonds
14-22 for the following institutions not to exceed the following
14-23 aggregate principal amounts for projects specified as follows:
14-24 (1) Texas State Technical College--Harlingen, $3.6
14-25 million to construct a facility for a learning resource center and
14-26 distance learning center;
14-27 (2) Texas State Technical College--Marshall,
15-1 $1,890,000 to construct a facility for a library and administrative
15-2 activities;
15-3 (3) Texas State Technical College--Waco, $3.6 million
15-4 to renovate the industrial technology center; and
15-5 (4) Texas State Technical College--West Texas,
15-6 $2,430,000 to construct a transportation technologies building.
15-7 (b) The board may pledge irrevocably to the payment of those
15-8 bonds all or any part of the revenue funds of an institution,
15-9 branch, or entity of the Texas State Technical College System,
15-10 including student tuition charges. The amount of a pledge made
15-11 under this subsection may not be reduced or abrogated while the
15-12 bonds for which the pledge is made, or bonds issued to refund those
15-13 bonds, are outstanding.
15-14 (c) If sufficient funds are not available to the board to
15-15 meet its obligations under this section, the board may transfer
15-16 funds among institutions, branches, and entities of the Texas State
15-17 Technical College System to ensure the most equitable and efficient
15-18 allocation of available resources for each institution, branch, or
15-19 entity to carry out its duties and purposes.
15-20 (d) Any portion of the proceeds of bonds authorized by this
15-21 section for one or more specified projects at an institution that
15-22 is not required for the specified projects may be used to renovate
15-23 existing structures and facilities at the institution.
15-24 SECTION 2. This Act takes effect immediately if it receives
15-25 a vote of two-thirds of all the members elected to each house, as
15-26 provided by Section 39, Article III, Texas Constitution. If this
15-27 Act does not receive the vote necessary for immediate effect, this
16-1 Act takes effect September 1, 2001.