H.B. No. 317
 
 
 
 
AN ACT
  relating to a study regarding the issuance of revenue bonds for
  certain campuses and centers of institutions of higher education.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         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  Education Code, are repealed.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.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 317 was passed by the House on April
  26, 2007, by the following vote:  Yeas 137, Nays 0, 2 present, not
  voting; and that the House concurred in Senate amendments to H.B.
  No. 317 on May 24, 2007, by the following vote:  Yeas 143, Nays 0, 2
  present, not voting.
 
  ______________________________
  Chief Clerk of the House   
 
         I certify that H.B. No. 317 was passed by the Senate, with
  amendments, on May 22, 2007, by the following vote:  Yeas 30, Nays
  0.
 
  ______________________________
  Secretary of the Senate   
  APPROVED: __________________
                  Date       
   
           __________________
                Governor