1-1 By: Averitt (Senate Sponsor - Sibley) H.B. No. 2153
1-2 (In the Senate - Received from the House May 2, 2001;
1-3 May 3, 2001, read first time and referred to Committee on Finance;
1-4 May 11, 2001, reported favorably by the following vote: Yeas 8,
1-5 Nays 0; May 11, 2001, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to the directors and authority of the Texas Public Finance
1-9 Authority.
1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11 SECTION 1. Section 1232.002, Government Code, is amended to
1-12 read as follows:
1-13 Sec. 1232.002. PURPOSE. The purpose of this chapter is to
1-14 provide a method of financing for:
1-15 (1) the acquisition or construction of buildings [in
1-16 Travis County]; and
1-17 (2) the purchase or lease of equipment by executive or
1-18 judicial branch state agencies.
1-19 SECTION 2. Section 1232.052(a), Government Code, is amended
1-20 to read as follows:
1-21 (a) The authority is governed by a board of directors
1-22 composed of seven [six] members appointed by the governor with the
1-23 advice and consent of the senate.
1-24 SECTION 3. Section 1232.053, Government Code, is amended to
1-25 read as follows:
1-26 Sec. 1232.053. TERMS. Members of the board are appointed for
1-27 staggered terms of six years, with two or three members' terms
1-28 expiring February 1 of each odd-numbered year.
1-29 SECTION 4. Section 1232.101, Government Code, is amended to
1-30 read as follows:
1-31 Sec. 1232.101. ISSUANCE OF BONDS FOR CERTAIN STATE AGENCIES.
1-32 [(a)] With respect to all bonds authorized to be issued by the
1-33 Texas Military Facilities Commission, Texas National Research
1-34 Laboratory Commission, Parks and Wildlife Department, Texas
1-35 Low-Level Radioactive Waste Disposal Authority, Stephen F. Austin
1-36 State University, Midwestern State University, and Texas Southern
1-37 University [and each institution of higher education authorized to
1-38 issue bonds under Chapter 55, Education Code], the authority has
1-39 the exclusive authority to act on behalf of those entities in
1-40 issuing bonds on their behalf. In connection with those issuances
1-41 and with the issuance of refunding bonds on behalf of those
1-42 entities, the authority is subject to all rights, duties, and
1-43 conditions surrounding issuance previously applicable to the
1-44 issuing entity under the statute authorizing the issuance. A
1-45 reference in an authorizing statute to the entity on whose behalf
1-46 the bonds are being issued applies equally to the authority in its
1-47 capacity as issuer on behalf of the entity.
1-48 [(b) Subsection (a) does not apply to:]
1-49 [(1) The University of Texas System, The Texas A&M
1-50 University System, or a component of those systems;]
1-51 [(2) an institution of higher education authorized to
1-52 issue bonds under Section 17, Article VII, Texas Constitution; or]
1-53 [(3) bonds authorized to be issued by a system,
1-54 component, or institution described by Subdivision (1) or (2).]
1-55 [(c) Notwithstanding any other provision of this section,
1-56 with respect to all bonds authorized to be issued by Midwestern
1-57 State University, Stephen F. Austin State University, or Texas
1-58 Southern University, the authority has the exclusive authority to
1-59 act on behalf of those institutions in issuing bonds on their
1-60 behalf. In connection with those issuances and with the issuance
1-61 of refunding bonds on behalf of those institutions, the authority
1-62 is subject to all rights, duties, and conditions surrounding
1-63 issuance previously applicable to the issuing institution under the
1-64 statute authorizing the issuance. All references in an authorizing
2-1 statute to the institution on whose behalf the bonds are being
2-2 issued apply equally to the authority in its capacity as issuer on
2-3 behalf of the institution.]
2-4 SECTION 5. Section 1232.102(a), Government Code, is amended
2-5 to read as follows:
2-6 (a) The board may issue and sell bonds in the name of the
2-7 authority to finance the acquisition or construction of buildings
2-8 [in Travis County]. After receiving a request described by Section
2-9 2166.452, the board may issue bonds in amounts not exceeding the
2-10 previously authorized amount of bonds plus five percent of the
2-11 acquisition cost of the property, as described in the request.
2-12 SECTION 6. Section 1232.110, Government Code, is amended to
2-13 read as follows:
2-14 Sec. 1232.110. SPECIFIC PROJECTS [IN TRAVIS COUNTY]. The
2-15 board may issue bonds under Section 1232.102 for the following
2-16 projects:
2-17 Project Estimated Cost
2-18 State Board of Insurance Building in $59,937,000
2-19 Travis County; facilities associated
2-20 with relocation of the State Aircraft
2-21 Pooling Board (not to exceed an
2-22 estimated amount of $7,000,000); and
2-23 the acquisition and development of
2-24 acreage at Robert Mueller Municipal
2-25 Airport for a state complex (not to
2-26 exceed an estimated amount of
2-27 $41,000,000)
2-28 Laboratory and Office Facilities $42,300,000
2-29 for the Texas Department of Health
2-30 Parking facilities for state $29,500,000
2-31 officers and employees to be built
2-32 on state parking Lot 20 and for
2-33 visitors to the Capitol Complex
2-34 to be built on state parking Lot 17
2-35 Construction or purchase and renovation $10,000,000
2-36 of a building or buildings by the
2-37 commission in Tarrant County
2-38 Construction or purchase and renovation $20,000,000
2-39 of a building or buildings by the
2-40 commission in Harris County
2-41 SECTION 7. As soon as practicable after the effective date of
2-42 this Act, the governor shall appoint a new member to the board of
2-43 directors of the Texas Public Finance Authority for a term expiring
2-44 February 1, 2007.
2-45 SECTION 8. Sections 1232.111 and 1401.122, Government Code,
2-46 are repealed.
2-47 SECTION 9. This Act takes effect September 1, 2001.
2-48 * * * * *