80R5793 KEL-D
 
  By: Janek S.B. No. 480
 
 
 
   
 
 
A BILL TO BE ENTITLED
AN ACT
relating to the definition of private or independent institution of
higher education applicable to certain statutes.
       BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
       SECTION 1.  Section 61.003(15), Education Code, is amended
to read as follows:
             (15)  "Private or independent institution of higher
education" includes only a private or independent college or
university that is:
                   (A)  organized under the Texas Non-Profit
Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil
Statutes);
                   (B)  exempt from taxation under Article VIII,
Section 2, of the Texas Constitution and Section 501(c)(3) of the
Internal Revenue Code of 1986 (26 U.S.C. Section 501); and
                   (C)  accredited by:
                         (i)  the Commission on Colleges of the
Southern Association of Colleges and Schools;
                         (ii)  [or] the Liaison Committee on Medical
Education; or
                         (iii)  the American Bar Association.
       SECTION 2.  This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution.  If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2007.