Amend HB 317 (Senate committee printing) by striking all 
below the enacting clause and substituting the following:
	SECTION 1.  Subchapter C, Chapter 61, Education Code, is 
amended by adding Section 61.0661 to read as follows:
	Sec. 61.0661.  STUDY REGARDING ISSUANCE OF REVENUE BONDS FOR 
CERTAIN CAMPUSES AND CENTERS.  (a)  The board shall conduct a study 
to determine:
		(1)  the merits of permitting public institutions of 
higher education to issue revenue bonds or other obligations for 
the purpose of funding capital projects at branch campuses, 
extension centers, system centers, and multi-institutional 
teaching centers, regardless of the level of student enrollment at 
those campuses and centers; and
		(2)  any student enrollment levels at those campuses 
and centers that may be appropriate to serve as a statutory 
prerequisite for issuing revenue bonds or other obligations to fund 
capital projects at those campuses and centers.
	(b)  Not later than January 1, 2009, the board shall report 
to the legislature concerning the results of the study conducted 
under Subsection (a).  The report must include the board's 
recommendations regarding the issuance of revenue bonds or other 
obligations for campuses and centers described by Subsection (a).
	(c)  The board shall use existing resources to perform duties 
imposed under this section.
	(d)  This section expires June 1, 2009.                                 
	SECTION 2.  Sections 55.1751(d) and (e) and 55.1755(d), 
Education Code, are repealed.
	SECTION 3.  This Act takes effect September 1, 2007.