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AN ACT
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relating to a study regarding the issuance of revenue bonds for |
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certain campuses and centers of institutions of higher education. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 61, Education Code, is |
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amended by adding Section 61.0661 to read as follows: |
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Sec. 61.0661. STUDY REGARDING ISSUANCE OF REVENUE BONDS FOR |
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CERTAIN CAMPUSES AND CENTERS. (a) The board shall conduct a study |
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to determine: |
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(1) the merits of permitting public institutions of |
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higher education to issue revenue bonds or other obligations for |
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the purpose of funding capital projects at branch campuses, |
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extension centers, system centers, and multi-institutional |
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teaching centers, regardless of the level of student enrollment at |
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those campuses and centers; and |
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(2) any student enrollment levels at those campuses |
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and centers that may be appropriate to serve as a statutory |
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prerequisite for issuing revenue bonds or other obligations to fund |
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capital projects at those campuses and centers. |
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(b) Not later than January 1, 2009, the board shall report |
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to the legislature concerning the results of the study conducted |
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under Subsection (a). The report must include the board's |
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recommendations regarding the issuance of revenue bonds or other |
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obligations for campuses and centers described by Subsection (a). |
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(c) The board shall use existing resources to perform duties |
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imposed under this section. |
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(d) This section expires June 1, 2009. |
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SECTION 2. Sections 55.1751(d) and (e) and 55.1755(d), |
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Education Code, are repealed. |
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SECTION 3. This Act takes effect September 1, 2007. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 317 was passed by the House on April |
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26, 2007, by the following vote: Yeas 137, Nays 0, 2 present, not |
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voting; and that the House concurred in Senate amendments to H.B. |
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No. 317 on May 24, 2007, by the following vote: Yeas 143, Nays 0, 2 |
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present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 317 was passed by the Senate, with |
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amendments, on May 22, 2007, by the following vote: Yeas 30, Nays |
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0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: __________________ |
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Date |
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__________________ |
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Governor |