81R2114 JRJ-D
 
  By: Fraser, Uresti, West S.B. No. 655
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the statutory limitation imposed on certain university
  systems to issue revenue bonds to fund facilities at certain
  institutions of higher education.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Sections 55.1751(d) and (e), Education Code, are
  amended to read as follows:
         (d)  Notwithstanding Subsection (a), The Texas A&M
  University System may not issue bonds under this section for
  facilities at Texas A&M University--Central Texas until the Texas
  Higher Education Coordinating Board certifies that enrollment at
  Texas A&M University--Central Texas has reached an enrollment
  equivalent of 1,500 full-time students for one semester.  [If that
  enrollment is not reached by January 1, 2010, the system's
  authority to issue bonds for Texas A&M University--Central Texas
  under this section expires on that date.]
         (e)  Notwithstanding Subsection (a), The Texas A&M
  University System may not issue bonds under this section for
  facilities at Texas A&M University--San Antonio until the Texas
  Higher Education Coordinating Board certifies that enrollment at
  Texas A&M University--San Antonio has reached an enrollment
  equivalent of 1,500 full-time students for one semester.  [If that
  enrollment is not reached by January 1, 2010, the system's
  authority to issue bonds for Texas A&M University--San Antonio
  under this section expires on that date.]
         SECTION 2.  Section 55.1755(d), Education Code, is amended
  to read as follows:
         (d)  Notwithstanding Subsection (a), the University of North
  Texas System may not issue bonds under this section for facilities
  at the University of North Texas Dallas Campus until the Texas
  Higher Education Coordinating Board certifies that enrollment at
  the University of North Texas Dallas Campus has reached an
  enrollment equivalent of 1,500 full-time students for one
  semester.  [If that enrollment is not reached by January 1, 2010,
  the system's authority to issue bonds for the University of North
  Texas Dallas Campus under this section expires on that date.]
         SECTION 3.  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.