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A BILL TO BE ENTITLED
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AN ACT
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relating to authorizing the issuance of revenue bonds to fund |
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capital projects at public 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 B, Chapter 55, Education Code, is |
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amended by adding Sections 55.17711, 55.1772, 55.1773, 55.1774, |
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55.1775, 55.1776, 55.1777, 55.1778, 55.1779, 55.17791, and |
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55.17792 to read as follows: |
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Sec. 55.17711. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL |
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BONDS. (a) In addition to the other authority granted by this |
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subchapter, the board of regents of The Texas A&M University System |
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may acquire, purchase, construct, improve, renovate, enlarge, or |
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equip facilities, including roads and related infrastructure, for |
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projects to be financed through the issuance of bonds in accordance |
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with this subchapter and in accordance with a systemwide revenue |
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financing program adopted by the board for the following |
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institutions and facilities not to exceed the following aggregate |
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principal amounts for the projects specified as follows: |
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(1) Tarleton State University: |
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(A) $53 million for the renovation and |
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rehabilitation of the O. A. Grant Building, the Joe Autry |
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Agricultural Building, and the Engineering Technology Building; |
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(B) $26 million for a student success center and |
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classroom building; |
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(C) $58 million for a special events center; and |
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(D) $29 million for an environmental and |
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agribusiness research building; |
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(2) Texas A&M University--Commerce: |
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(A) $23,250,000 for renovation of the University |
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Library; and |
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(B) $11,250,000 for renovation of the Ferguson |
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Auditorium and Hall of Languages Building; |
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(3) Texas A&M University--Corpus Christi: |
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(A) $75 million for a life sciences building; |
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(B) $50 million for a fine arts center; and |
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(C) $31 million for a learning resource center; |
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(4) Texas A&M University--Kingsville: |
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(A) $70 million for a performing and visual arts |
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educational complex; and |
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(B) $65 million for a natural |
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resources/agriculture academic complex; |
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(5) Texas A&M University--Texarkana, $46 million for a |
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classroom and office building; |
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(6) West Texas A&M University: |
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(A) $11 million for renovation of the engineering |
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program building; |
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(B) $15 million for a nursing and health sciences |
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building; and |
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(C) $13 million for renovations for a research |
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facility; |
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(7) The Texas A&M University System Health Science |
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Center: |
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(A) $200 million for health science center |
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expansion in Bryan, Round Rock, and Temple, Texas; and |
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(B) $60 million for a health science center |
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education and research building in Dallas, Texas; |
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(8) Prairie View A&M University: |
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(A) $65 million for a classroom building for the |
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College of Education and renovation of the current (Delco) building |
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for academic purposes; and |
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(B) $15 million for facilities renewal for |
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academic buildings; |
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(9) Texas A&M University, $95 million for facilities |
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renewal; |
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(10) Texas A&M University at Galveston, $46 million |
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for facilities renewal; |
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(11) Texas A&M International University: |
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(A) $32,500,000 for an academic classroom |
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building; and |
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(B) $12 million for library expansion and a |
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support services building; |
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(12) Texas A&M University--Central Texas: $50 million |
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for a new classroom/laboratory/office building; and |
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(13) Texas A&M University--San Antonio: $60 million |
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for a new classroom/laboratory/office building. |
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(b) The board may pledge irrevocably to the payment of bonds |
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authorized by this section all or any part of the revenue funds of |
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an institution, branch, or entity of The Texas A&M University |
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System, including student tuition charges. The amount of a pledge |
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made under this subsection may not be reduced or abrogated while the |
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bonds for which the pledge is made, or bonds issued to refund those |
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bonds, are outstanding. |
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(c) If sufficient funds are not available to the board to |
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meet its obligations under this section, the board may transfer |
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funds among institutions, branches, and entities of The Texas A&M |
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University System to ensure the most equitable and efficient |
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allocation of available resources for each institution, branch, or |
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entity to carry out its duties and purposes. |
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Sec. 55.1772. THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL |
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BONDS. (a) In addition to the other authority granted by this |
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subchapter, the board of regents of The University of Texas System |
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may acquire, purchase, construct, improve, renovate, enlarge, or |
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equip facilities, including roads and related infrastructure, for |
|
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projects to be financed through the issuance of bonds in accordance |
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with this subchapter and in accordance with a systemwide revenue |
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|
financing program adopted by the board for the following |
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institutions not to exceed the following aggregate principal |
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amounts for the projects specified as follows: |
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(1) The University of Texas at Arlington: |
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(A) $31 million for an engineering research |
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building; and |
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(B) $60 million for a nanofab building; |
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(2) The University of Texas at Austin: |
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(A) $100 million for Phase II of the liberal arts |
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building; |
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(B) $75 million for the Battle Hall complex; and |
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(C) $150 million for renovation of the core |
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campus; |
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(3) The University of Texas at Brownsville, $63 |
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million for a student success center; |
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(4) The University of Texas at Dallas, $140 million |
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for a bioengineering and science building; |
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(5) The University of Texas at El Paso: |
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(A) $75 million for the Honors and Student |
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Leadership Institute; and |
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(B) $80 million for upgrade and renovation of the |
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fine arts center; |
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(6) The University of Texas--Pan American: |
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(A) $261,554 for the Starr County Upper-Level |
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Center; |
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(B) $1,734,798 for the fine arts academic and |
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performance complex; |
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(C) $40 million for College of Business |
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Administration renovation and expansion; and |
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(D) $50 million for a research facility addition |
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to the Science Complex; |
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(7) The University of Texas of the Permian Basin: |
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(A) $8,900,000 for a science and technology |
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complex; |
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(B) $7,430,000 for an arts convocation and |
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classroom facility at the CEED; |
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(C) $49 million for an engineering building; and |
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(D) $12 million for campus renovation; |
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(8) The University of Texas at San Antonio: |
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(A) $132,500,000 for an experimental science |
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instructional building; |
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(B) $80 million for an information and innovation |
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library center; and |
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(C) $90 million for a multidimensional |
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visualization center; |
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(9) The University of Texas at Tyler, $46 million for a |
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technology and life sciences building; |
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(10) The University of Texas Southwestern Medical |
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Center at Dallas: |
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(A) $60 million for the finish out of north |
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campus (phase 5); and |
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(B) $50 million for south campus building |
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renovation; |
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(11) The University of Texas Medical Branch at |
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Galveston, $40 million for an education building; |
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(12) The University of Texas Health Science Center at |
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Houston: |
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(A) $11 million for a replacement building for |
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The University of Texas Dental Branch at Houston; |
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(B) $35 million for a research park complex; and |
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(C) $35 million for expansion of the School of |
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Public Health building; |
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(13) The University of Texas Health Science Center at |
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San Antonio: |
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(A) $20 million for the South Texas Research |
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Facility; |
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(B) $50 million for an academic learning and |
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teaching center building; and |
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(C) $20 million for facilities and technology |
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infrastructure upgrade; and |
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(14) The University of Texas M. D. Anderson Cancer |
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Center: |
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(A) $8 million for the Center for Targeted |
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Therapy research building; and |
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(B) $75 million for a Basic Science Research |
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Building II. |
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(b) The board may pledge irrevocably to the payment of bonds |
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authorized by this section all or any part of the revenue funds of |
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an institution, branch, or entity of The University of Texas |
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System, including student tuition charges. The amount of a pledge |
|
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made under this subsection may not be reduced or abrogated while the |
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bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
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(c) If sufficient funds are not available to the board to |
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meet its obligations under this section, the board may transfer |
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funds among institutions, branches, and entities of The University |
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of Texas System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
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entity to carry out its duties and purposes. |
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Sec. 55.1773. UNIVERSITY OF HOUSTON SYSTEM; ADDITIONAL |
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BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of the University of Houston |
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|
System may acquire, purchase, construct, improve, renovate, |
|
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enlarge, or equip facilities, including roads and related |
|
|
infrastructure, for the following institutions, to be financed |
|
|
through the issuance of bonds in accordance with this subchapter |
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and in accordance with a systemwide revenue financing program |
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adopted by the board, in aggregate principal amounts not to exceed |
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the following: |
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(1) the University of Houston: |
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(A) $83 million for an energy and wind research |
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building; |
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(B) $75 million for a bio-life sciences research |
|
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building; and |
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(C) $27 million for a multicultural studies and |
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classroom complex; |
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(2) the University of Houston--Clear Lake, |
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$68,600,000 for an academic enrichment and research facility; |
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(3) the University of Houston--Downtown, $51,429,000 |
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for a science and technology building; and |
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(4) the University of Houston--Victoria, $30,500,000 |
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for a health and kinesiology education building. |
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(b) The board may pledge irrevocably to the payment of bonds |
|
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authorized by this section all or any part of the revenue funds of |
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an institution, branch, or entity of the University of Houston |
|
|
System, including student tuition charges. The amount of a pledge |
|
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made under this subsection may not be reduced or abrogated while the |
|
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bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
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(c) If sufficient funds are not available to the board to |
|
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meet its obligations under this section, the board may transfer |
|
|
funds among institutions, branches, and entities of the University |
|
|
of Houston System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
|
|
entity to carry out its duties and purposes. |
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Sec. 55.1774. TEXAS STATE UNIVERSITY SYSTEM; ADDITIONAL |
|
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BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of the Texas State University |
|
|
System may acquire, purchase, construct, improve, renovate, |
|
|
enlarge, or equip facilities, including roads and related |
|
|
infrastructure, for projects to be financed through the issuance of |
|
|
bonds in accordance with this subchapter and in accordance with a |
|
|
systemwide revenue financing program adopted by the board for the |
|
|
following institutions not to exceed the following aggregate |
|
|
principal amounts for the projects specified as follows: |
|
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(1) Lamar University: |
|
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(A) $25 million for a new science building; |
|
|
(B) $15 million for a facilities management |
|
|
complex; |
|
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(C) $36 million for renovation of academic |
|
|
buildings; |
|
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(D) $15 million for a new administration services |
|
|
building; |
|
|
(E) $5 million for a new security and computing |
|
|
center; |
|
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(F) $10 million for Addition II to the Cherry |
|
|
Engineering Building; and |
|
|
(G) $2 million for land acquisition; |
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(2) Lamar State College--Orange: |
|
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(A) $3,600,000 for a workforce training center; |
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and |
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(B) $6 million for a multipurpose educational |
|
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building; |
|
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(3) Lamar State College--Port Arthur: |
|
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(A) $1,100,000 for an addition to the allied |
|
|
health building; and |
|
|
(B) $1,500,000 for Phase 1 of the central plant; |
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|
(4) Lamar Institute of Technology: |
|
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(A) $12 million for a student services learning |
|
|
support center; and |
|
|
(B) $12 million for the renovation of five |
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technical arts buildings; |
|
|
(5) Texas State University--San Marcos: |
|
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(A) $52 million for a recital hall and theater |
|
|
center; |
|
|
(B) $73,366,977 for RRHEC-Health Professions #1; |
|
|
(C) $79,425,175 for a music building; |
|
|
(D) $24,849,899 for RRHEC-Health Professions #2; |
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and |
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(E) $33,075,242 for an engineering and sciences |
|
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building; |
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(6) Sam Houston State University: |
|
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(A) $37 million for an integrated energy and |
|
|
technology building; |
|
|
(B) $30 million for a nursing, allied health, and |
|
|
biology building; |
|
|
(C) $24 million for the Texas Forensic Science |
|
|
Building; and |
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|
(D) $20 million for an agriculture complex and |
|
|
academic building; and |
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|
(7) Sul Ross State University: |
|
|
(A) $4,845,000 for the renovation of the |
|
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industrial technology building; and |
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|
(B) $1,500,000 for a student success center. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
an institution, branch, or entity of the Texas State University |
|
|
System, including student tuition charges. The amount of a pledge |
|
|
made under this subsection may not be reduced or abrogated while the |
|
|
bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
|
|
(c) If sufficient funds are not available to the board to |
|
|
meet its obligations under this section, the board may transfer |
|
|
funds among institutions, branches, and entities of the Texas State |
|
|
University System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
|
|
entity to carry out its duties and purposes. |
|
|
Sec. 55.1775. UNIVERSITY OF NORTH TEXAS SYSTEM; ADDITIONAL |
|
|
BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of the University of North Texas |
|
|
System may acquire, purchase, construct, improve, renovate, |
|
|
enlarge, or equip facilities, including roads and related |
|
|
infrastructure, for projects to be financed through the issuance of |
|
|
bonds in accordance with this subchapter and in accordance with a |
|
|
systemwide revenue financing program adopted by the board for the |
|
|
following institutions and facilities not to exceed the following |
|
|
aggregate principal amounts for the projects specified as follows: |
|
|
(1) the University of North Texas System, $40 million |
|
|
for facilities for a college of law; |
|
|
(2) the University of North Texas, $63 million for a |
|
|
College of Visual Arts and Design building; |
|
|
(3) the University of North Texas at Dallas, |
|
|
$18,500,000 for a second building; and |
|
|
(4) the University of North Texas Health Sciences |
|
|
Center, $90 million for a new research building. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
an institution, branch, or entity of the University of North Texas |
|
|
System, including student tuition charges. The amount of a pledge |
|
|
made under this subsection may not be reduced or abrogated while the |
|
|
bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
|
|
(c) If sufficient funds are not available to the board to |
|
|
meet its obligations under this section, the board may transfer |
|
|
funds among institutions, branches, and entities of the University |
|
|
of North Texas System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
|
|
entity to carry out its duties and purposes. |
|
|
Sec. 55.1776. TEXAS WOMAN'S UNIVERSITY. (a) In addition to |
|
|
the other authority granted by this subchapter, the board of |
|
|
regents of Texas Woman's University may acquire, purchase, |
|
|
construct, improve, renovate, enlarge, or equip facilities, |
|
|
including roads and related infrastructure, for projects to be |
|
|
financed through the issuance of bonds in accordance with this |
|
|
subchapter not to exceed the following aggregate principal amounts |
|
|
for the projects specified as follows: |
|
|
(1) $26 million for a graduate research building; |
|
|
(2) $17,500,000 for the renovation of the old main |
|
|
building; |
|
|
(3) $9,500,000 for a new academic support and |
|
|
administrative support building; and |
|
|
(4) $4,800,000 for infrastructure repair and upgrade. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
Texas Woman's University, including student tuition charges. The |
|
|
amount of a pledge made under this subsection may not be reduced or |
|
|
abrogated while the bonds for which the pledge is made, or bonds |
|
|
issued to refund those bonds, are outstanding. |
|
|
Sec. 55.1777. MIDWESTERN STATE UNIVERSITY; ADDITIONAL |
|
|
BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of Midwestern State University may |
|
|
acquire, purchase, construct, improve, renovate, enlarge, or equip |
|
|
facilities, including roads and related infrastructure, for |
|
|
projects at Midwestern State University, to be financed through the |
|
|
issuance of bonds in accordance with this subchapter not to exceed |
|
|
the following aggregate principal amounts for the projects |
|
|
specified as follows: |
|
|
(1) $6,420,000 for Phase II of the renovation of the |
|
|
D. L. Ligon Building; and |
|
|
(2) $40 million for the reconstruction of the Moffett |
|
|
Library. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
Midwestern State University, including student tuition charges. |
|
|
The amount of a pledge made under this subsection may not be reduced |
|
|
or abrogated while the bonds for which the pledge is made, or bonds |
|
|
issued to refund those bonds, are outstanding. |
|
|
Sec. 55.1778. STEPHEN F. AUSTIN STATE UNIVERSITY. (a) In |
|
|
addition to the other authority granted by this subchapter, the |
|
|
board of regents of Stephen F. Austin State University may acquire, |
|
|
purchase, construct, improve, renovate, enlarge, or equip |
|
|
facilities, including roads and related infrastructure, for a |
|
|
molecular sciences building at Stephen F. Austin State University, |
|
|
to be financed through the issuance of bonds in accordance with this |
|
|
subchapter not to exceed the aggregate principal amount of $46 |
|
|
million. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
Stephen F. Austin State University, including student tuition |
|
|
charges. The amount of a pledge made under this subsection may not |
|
|
be reduced or abrogated while the bonds for which the pledge is |
|
|
made, or bonds issued to refund those bonds, are outstanding. |
|
|
Sec. 55.1779. TEXAS TECH UNIVERSITY SYSTEM; ADDITIONAL |
|
|
BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of the Texas Tech University |
|
|
System may acquire, purchase, construct, improve, renovate, |
|
|
enlarge, or equip facilities, including roads and related |
|
|
infrastructure, for projects to be financed through the issuance of |
|
|
bonds in accordance with this subchapter and in accordance with a |
|
|
systemwide revenue financing program adopted by the board not to |
|
|
exceed the following aggregate principal amounts for the projects |
|
|
specified as follows: |
|
|
(1) Texas Tech University Health Sciences Center: |
|
|
(A) $72 million for Lubbock |
|
|
education/research/technology facilities and renovation; |
|
|
(B) $58,500,000 for the El Paso Medical Science |
|
|
Building II; |
|
|
(C) $27 million for the El Paso Clinical Sciences |
|
|
Building; |
|
|
(D) $12,600,000 for the Permian Basin medical |
|
|
education facility; and |
|
|
(E) $14,850,000 for the Panhandle |
|
|
clinical/hospital simulation center; |
|
|
(2) Texas Tech University: |
|
|
(A) $95 million for the expansion and renovation |
|
|
of the College of Engineering; |
|
|
(B) $42,500,000 for a plant and soil sciences |
|
|
building; and |
|
|
(C) $45 million for a performing arts center; and |
|
|
(3) Angelo State University: |
|
|
(A) $40 million for the College of Nursing and |
|
|
Allied Health; |
|
|
(B) $35 million for campus modernization and |
|
|
expansion; and |
|
|
(C) $42,325,000 for a performing arts center. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
an institution, branch, or entity of the Texas Tech University |
|
|
System, including student tuition charges. The amount of a pledge |
|
|
made under this subsection may not be reduced or abrogated while the |
|
|
bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
|
|
(c) If sufficient funds are not available to the board to |
|
|
meet its obligations under this section, the board may transfer |
|
|
funds among institutions, branches, and entities of the Texas Tech |
|
|
University System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
|
|
entity to carry out its duties and purposes. |
|
|
Sec. 55.17791. TEXAS SOUTHERN UNIVERSITY; ADDITIONAL |
|
|
BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of Texas Southern University may |
|
|
acquire, purchase, construct, improve, renovate, enlarge, or equip |
|
|
facilities, including roads and related infrastructure, for |
|
|
projects at Texas Southern University, to be financed through the |
|
|
issuance of bonds in accordance with this subchapter not to exceed |
|
|
the following aggregate principal amounts for the projects |
|
|
specified as follows: |
|
|
(1) $46 million for renovation of the Robert J. Terry |
|
|
Library; |
|
|
(2) $9,450,000 for a Spearman technology building; |
|
|
(3) $4,500,000 for a multipurpose academic center; |
|
|
(4) $30 million for deferred maintenance; |
|
|
(5) $5 million for asbestos abatement and removal; |
|
|
(6) $10 million for campus infrastructure and |
|
|
beautification; and |
|
|
(7) $4 million for land acquisition for a multipurpose |
|
|
academic center. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
Texas Southern University, including student tuition charges. The |
|
|
amount of a pledge made under this subsection may not be reduced or |
|
|
abrogated while the bonds for which the pledge is made, or bonds |
|
|
issued to refund those bonds, are outstanding. |
|
|
Sec. 55.17792. TEXAS STATE TECHNICAL COLLEGE SYSTEM. (a) |
|
|
In addition to the other authority granted by this subchapter, the |
|
|
board of regents of the Texas State Technical College System may |
|
|
acquire, purchase, construct, improve, renovate, enlarge, or equip |
|
|
property, buildings, structures, facilities, roads, or related |
|
|
infrastructure, for projects to be financed through the issuance of |
|
|
bonds in accordance with this subchapter not to exceed the |
|
|
following aggregate principal amounts for the projects specified as |
|
|
follows: |
|
|
(1) Texas State Technical College--Harlingen, $8 |
|
|
million to construct an academic building; |
|
|
(2) Texas State Technical College--West Texas, $3 |
|
|
million to renovate an academic building; |
|
|
(3) Texas State Technical College--Marshall, |
|
|
$2,500,000 for a diesel equipment technology building; and |
|
|
(4) Texas State Technical College--Waco: |
|
|
(A) $10 million for a learning services center; |
|
|
and |
|
|
(B) $5 million for Phase II of the East |
|
|
Williamson County Education Center. |
|
|
(b) The board may pledge irrevocably to the payment of those |
|
|
bonds all or any part of the revenue funds of an institution, |
|
|
branch, or entity of the Texas State Technical College System, |
|
|
including student tuition charges. The amount of a pledge made |
|
|
under this subsection may not be reduced or abrogated while the |
|
|
bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
|
|
(c) If sufficient funds are not available to the board to |
|
|
meet its obligations under this section, the board may transfer |
|
|
funds among institutions, branches, and entities of the Texas State |
|
|
Technical College System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
|
|
entity to carry out its duties and purposes. |
|
|
SECTION 2. Section 61.0572(e), Education Code, as amended |
|
|
by H.B. 51, Acts of the 81st Legislature, Regular Session, 2009, is |
|
|
amended to read as follows: |
|
|
(e) Approval of the board is not required to acquire real |
|
|
property that is financed by bonds issued under Section 55.17(e)(3) |
|
|
or (4), 55.1713-55.1718, 55.1721-55.1728, 55.1735(a)(1), 55.174, |
|
|
55.1742, 55.1743, 55.1744, 55.1751-55.17592, 55.1768, or |
|
|
55.1771-55.17792 [55.1771, or 55.17721], except that the board |
|
|
shall review all real property to be financed by bonds issued under |
|
|
those sections to determine whether the property meets the |
|
|
standards adopted by the board for cost, efficiency, and space |
|
|
use. If the property does not meet those standards, the board |
|
|
shall notify the governor, the lieutenant governor, the speaker of |
|
|
the house of representatives, and the Legislative Budget Board. |
|
|
SECTION 3. Section 61.058(b), Education Code, as amended by |
|
|
H.B. 51, Acts of the 81st Legislature, Regular Session, 2009, is |
|
|
amended to read as follows: |
|
|
(b) This section does not apply to construction, repair, or |
|
|
rehabilitation financed by bonds issued under Section 55.17(e)(3) |
|
|
or (4), 55.1713-55.1718, 55.1721-55.1728, 55.174, 55.1742, |
|
|
55.1743, 55.1744, 55.1751-55.17592, 55.1768, or 55.1771-55.17792 |
|
|
[55.1771, or 55.17721], except that the board shall review all |
|
|
construction, repair, or rehabilitation to be financed by bonds |
|
|
issued under those sections to determine whether the construction, |
|
|
rehabilitation, or repair meets the standards adopted by board rule |
|
|
for cost, efficiency, and space use. If the construction, |
|
|
rehabilitation, or repair does not meet those standards, the board |
|
|
shall notify the governor, the lieutenant governor, the speaker of |
|
|
the house of representatives, and the Legislative Budget Board. |
|
|
SECTION 4. This Act does not affect any authority or |
|
|
restriction regarding the activities that a public institution of |
|
|
higher education may conduct in connection with a facility financed |
|
|
by bonds authorized by this Act. |
|
|
SECTION 5. This Act takes effect September 1, 2009, 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 effect on that |
|
|
date, this Act takes effect November 1, 2009. |