Honorable Geanie Morrison, Chair, House Committee on Higher Education
John S. O'Brien, Deputy Director, Legislative Budget Board
HB1296 by Rose (Relating to authorizing the issuance of revenue bonds for Texas State University--San Marcos for the construction of an undergraduate academic center.), As Introduced
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GENERAL REVENUE FUND
The bill would authorize the issuance of a maximum of $47.7 million in revenue bonds by the Texas State University System for Texas State University-San Marcos for the construction of a undergraduate academic center.
The bonds would be payable from pledged revenue plus tuition. The bonds would not be general obligations of the State. However, the issued bonds would have fiscal implications for the State. Although tuition income is pledged against the bonds, historically the Legislature has appropriated General Revenue to reimburse institutions for the tuition used to pay the debt service, and this policy is assumed to continue.
347 Public Finance Authority, 352 Bond Review Board, 758 Board of Regents, Texas State University System Central Office
JOB, CT, SD, RT, GO