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A BILL TO BE ENTITLED
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AN ACT
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relating to the statutory limitation imposed on certain university |
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systems to issue revenue bonds to fund facilities at certain |
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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. Sections 55.1751(d) and (e), Education Code, are |
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amended to read as follows: |
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(d) Notwithstanding Subsection (a), The Texas A&M |
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University System may not issue bonds under this section for |
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facilities at Texas A&M University--Central Texas until the Texas |
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Higher Education Coordinating Board certifies that enrollment at |
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Texas A&M University--Central Texas has reached an enrollment |
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equivalent of 1,500 full-time students for one semester. [If that
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enrollment is not reached by January 1, 2010, the system's
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authority to issue bonds for Texas A&M University--Central Texas
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under this section expires on that date.] |
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(e) Notwithstanding Subsection (a), The Texas A&M |
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University System may not issue bonds under this section for |
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facilities at Texas A&M University--San Antonio until the Texas |
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Higher Education Coordinating Board certifies that enrollment at |
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Texas A&M University--San Antonio has reached an enrollment |
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equivalent of 1,500 full-time students for one semester. [If that
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enrollment is not reached by January 1, 2010, the system's
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authority to issue bonds for Texas A&M University--San Antonio
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under this section expires on that date.] |
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SECTION 2. Section 55.1755(d), Education Code, is amended |
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to read as follows: |
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(d) Notwithstanding Subsection (a), the University of North |
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Texas System may not issue bonds under this section for facilities |
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at the University of North Texas Dallas Campus until the Texas |
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Higher Education Coordinating Board certifies that enrollment at |
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the University of North Texas Dallas Campus has reached an |
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enrollment equivalent of 1,500 full-time students for one |
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semester. [If that enrollment is not reached by January 1, 2010,
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the system's authority to issue bonds for the University of North
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Texas Dallas Campus under this section expires on that date.] |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2009. |