81R1264 KEL-D
 
  By: Oliveira H.J.R. No. 2
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment to entitle The University of
  Texas at Brownsville to participate in the income and other
  benefits of the permanent university fund.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 18, Article VII, Texas Constitution, is
  amended by amending Subsection (b) and adding Subsection (b-1) to
  read as follows:
         (b)  The Board of Regents of The University of Texas System
  may issue bonds and notes not to exceed a total amount of 20 percent
  of the cost value of investments and other assets of the permanent
  university fund (exclusive of real estate) at the time of issuance
  thereof, and may pledge all or any part of its two-thirds interest
  in the available university fund to secure the payment of the
  principal and interest of those bonds and notes, for the purpose of
  acquiring land either with or without permanent improvements,
  constructing and equipping buildings or other permanent
  improvements, major repair and rehabilitation of buildings and
  other permanent improvements, acquiring capital equipment and
  library books and library materials, and refunding bonds or notes
  issued under this section or prior law, at or for The University of
  Texas System administration and the following component
  institutions of the system:
               (1)  The University of Texas at Arlington;
               (2)  The University of Texas at Austin;
               (3)  The University of Texas at Brownsville;
               (4)  The University of Texas at Dallas;
               (5) [(4)]  The University of Texas at El Paso;
               (6) [(5)]  The University of Texas of the Permian
  Basin;
               (7) [(6)]  The University of Texas at San Antonio;
               (8) [(7)]  The University of Texas at Tyler;
               (9) [(8)]  The University of Texas Southwestern
  Medical [Health Science] Center at Dallas;
               (10) [(9)]  The University of Texas Medical Branch at
  Galveston;
               (11) [(10)]  The University of Texas Health Science
  Center at Houston;
               (12) [(11)]  The University of Texas Health Science
  Center at San Antonio;
               (13) [(12)]  The University of Texas M. D. Anderson
  [System] Cancer Center;
               (14) [(13)]  The University of Texas Health Center at
  Tyler; and
               (15) [(14)]  The University of Texas Institute of Texan
  Cultures at San Antonio.
         (b-1)  In applying a portion of its two-thirds interest in
  the available university fund to the payment of the principal of and
  interest on bonds and notes issued under Subsection (b) of this
  section for the benefit of The University of Texas at Brownsville,
  the Board of Regents of The University of Texas System shall include
  sufficient funds to pay the principal of and interest on all bonds
  and notes, including refunding bonds and notes, previously issued
  for the benefit of that university under Section 17(b) of this
  article.
         SECTION 2.  Section 17(b), Article VII, Texas Constitution,
  is amended to read as follows:
         (b)  The funds appropriated under Subsection (a) of this
  section shall be for the use of the following eligible agencies and
  institutions of higher education (even though their names may be
  changed):
               (1)  East Texas State University including East Texas
  State University at Texarkana;
               (2)  Lamar University including Lamar University at
  Orange and Lamar University at Port Arthur;
               (3)  Midwestern State University;
               (4)  University of North Texas;
               (5)  The University of Texas--Pan American [including
  The University of Texas at Brownsville];
               (6)  Stephen F. Austin State University;
               (7)  Texas College of Osteopathic Medicine;
               (8)  Texas State University System Administration and
  the following component institutions:
               (9)  Sam Houston State University;
               (10)  Southwest Texas State University;
               (11)  Sul Ross State University including Uvalde Study
  Center;
               (12)  Texas Southern University;
               (13)  Texas Tech University;
               (14)  Texas Tech University Health Sciences Center;
               (15)  Angelo State University;
               (16)  Texas Woman's University;
               (17)  University of Houston System Administration and
  the following component institutions:
               (18)  University of Houston;
               (19)  University of Houston--Victoria;
               (20)  University of Houston--Clear Lake;
               (21)  University of Houston--Downtown;
               (22)  Texas A&M University--Corpus Christi;
               (23)  Texas A&M International University;
               (24)  Texas A&M University--Kingsville;
               (25)  West Texas A&M University; and
               (26)  Texas State Technical College System and its
  campuses, but not its extension centers or programs.
         SECTION 3.   Article VII, Texas Constitution, is amended by
  adding Section 17A to read as follows:
         Sec. 17A. (a) The transfer of The University of Texas at
  Brownsville from Section 17 of this article to Section 18 of this
  article by the constitutional amendment proposed by the 81st
  Legislature, Regular Session, 2009, applies beginning with the
  state fiscal year that begins September 1, 2010.
         (b)  Beginning with the state fiscal year that begins
  September 1, 2010, the funds allocated as provided by Section 17(d)
  of this article to The University of Texas at Brownsville shall be
  allocated to the other agencies and institutions eligible to
  receive funds under Section 17 of this article in proportion to the
  other funds allocated to those agencies and institutions as
  provided by Section 17(d) of this article, until the legislature or
  designated agency eliminates The University of Texas at Brownsville
  from the formula and allocations made under Section 17(d) of this
  article.
         (c)  This section expires September 1, 2017.
         SECTION 4.   This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 3, 2009.
  The ballot shall be printed to permit voting for or against the
  following proposition: "The constitutional amendment to entitle
  The University of Texas at Brownsville to participate in the income
  and other benefits of the permanent university fund."