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A BILL TO BE ENTITLED
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AN ACT
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relating to the definition of private or independent institution of |
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higher education applicable to certain statutes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subdivision (15), Section 61.003, Education |
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Code, is amended to read as follows: |
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(15) "Private or independent institution of higher |
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education" includes only a private or independent college or |
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university that is: |
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(A) organized under the Texas Non-Profit |
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Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil |
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Statutes); |
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(B) exempt from taxation under Article VIII, |
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Section 2, of the Texas Constitution and Section 501(c)(3) of the |
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Internal Revenue Code of 1986 (26 U.S.C. Section 501); and |
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(C) accredited by: |
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(i) the Commission on Colleges of the |
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Southern Association of Colleges and Schools; |
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(ii) [or] the Liaison Committee on Medical |
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Education; or |
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(iii) the American Bar Association. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |