79R9851 MTB-F

By:  Ellis                                                        S.B. No. 1553


A BILL TO BE ENTITLED
AN ACT
relating to the creation of a program for alternative funding of Toward EXcellence, Access, & Success (TEXAS) grants. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 56.310, Education Code, is amended by adding Subsection (c) to read as follows: (c) The coordinating board, in consultation with other state agencies, shall develop and implement an alternative funding program, including an appropriately implemented process for the naming and sponsoring of state assets, for the purposes of this subchapter. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2005.