This website will be unavailable from Friday, April 26, 2024 at 6:00 p.m. through Monday, April 29, 2024 at 7:00 a.m. due to data center maintenance.

                                                                                

78R6815 MTB-D

By:  Madla                                                        S.B. No. 1497



A BILL TO BE ENTITLED

AN ACT

relating to the issuance of revenue bonds by the Texas Public 
Finance Authority for the construction of school district 
instructional facilities and the construction of the facilities by 
the Texas Building and Procurement Commission.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 1232.066(a), Government Code, is amended 
to read as follows:
	(a)  The board's authority under this chapter is limited to 
the financing of:
		(1)  the acquisition or construction of a building;                           
		(2)  the purchase or lease of equipment; [or]                
		(3)  stranded costs of a municipal power agency; or                    
		(4)  a school district instructional facility.                         
	SECTION 2.  Subchapter C, Chapter 1232, Government Code, is 
amended by adding Section 1232.1025 to read as follows:
	Sec. 1232.1025.  ISSUANCE OF BONDS FOR SCHOOL DISTRICT 
INSTRUCTIONAL FACILITIES.  (a)  The board shall promptly issue and 
sell bonds in the name of the authority under this chapter to 
finance the construction of a school district instructional 
facility that has been authorized under Section 2166.554.
	(b)  The commission shall accomplish its statutory authority 
as if the facility were a state office building financed by 
legislative appropriation.  The board and the commission shall 
adopt a memorandum of understanding that defines the division of 
authority between the board, the commission, and a school district.
	(c)  With respect to an instructional facility financed 
under this section, a school district is considered to be a state 
agency leasing a state office building from the commission for the 
purposes of this chapter, including Subchapter D, except in 
circumstances under which this chapter states that a building is 
considered to be state-owned space. When the school district has 
paid a sufficient amount in rentals so that the principal of and 
interest on obligations issued by the authority relating to the 
instructional facility are fully paid and the facility is free of 
all liens, the board shall convey title to the school district in 
accordance with Section 1232.006.
	SECTION 3.  Subchapter L, Chapter 2166, Government Code, is 
amended by adding Section 2166.554 to read as follows:
	Sec. 2166.554.  CONSTRUCTION OF FACILITIES FOR SCHOOL 
DISTRICTS.  (a)  This section applies only to a school district that 
does not qualify for aid under Section 1402.124.
	(b)  At the request of a school district for construction of 
an instructional facility, the commission may provide for the 
construction of the facility under the procedures of this chapter 
if the commission determines the request is feasible. The 
construction of the facility shall be financed through revenue 
bonds issued by the Texas Public Finance Authority under Section 
1232.1025.
	(c)  The commission shall offer the school district a choice 
of pre-approved blueprints for instructional facilities from a list 
of choices created by the commission.
	(d)  The commission shall adopt rules to implement this 
section.      
	SECTION 4.  This Act takes effect September 1, 2003.