By: Merritt H.B. No. 3652
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to authorizing the issuance of revenue bonds for The
  University of Texas Health Science Center at Tyler.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter B, Chapter 55, Education Code, is
  amended by adding Section 55.175 to read as follows:
         Sec. 55.175.  THE UNIVERSITY OF TEXAS SYSTEM;  ADDITIONAL
  BONDS.  (a)  In addition to the other authority granted by this
  subchapter, the board of regents of The University of Texas System
  may acquire, purchase, construct, improve, renovate, enlarge, or
  equip property, buildings, structures, or other facilities,
  including roads and related infrastructure, for The University of
  Texas Health Science Center at Tyler, be financed by the issuance of
  bonds in accordance with this subchapter, including bonds issued in
  accordance with a systemwide revenue financing program and secured
  as provided by that program, in the aggregate principal amount of
  $13.3 million.
         (b)  The board may pledge irrevocably to the payment of bonds
  authorized by Subsection (a) all or any part of the revenue funds of
  an institution, branch, or entity of The University of 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 Texas System to ensure the most equitable and efficient
  allocation of available resources for each institution, branch, or
  entity to carry out its constitutional and statutory duties and
  purposes.
         SECTION 2.  Section 61.0572(e), Education Code, 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, [or] 55.1744, or 55.175, 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, 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, [or] 55.1744, or 55.175, 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 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, 2009.