| |
| |
| |
|
|
AN ACT
|
|
|
relating to taxes and bonds for a junior college district branch |
|
|
campus. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter E, Chapter 130, Education Code, is |
|
|
amended by adding Section 130.0865 to read as follows: |
|
|
Sec. 130.0865. SECURITY FOR REVENUE BONDS ISSUED FOR BRANCH |
|
|
CAMPUS, CENTER, OR EXTENSION FACILITY. Bonds payable from revenue |
|
|
and issued by the governing body of a county or school district to |
|
|
finance the purchase of land or the construction of a facility to be |
|
|
used for a branch campus, center, or extension facility authorized |
|
|
under Section 130.086 may be secured by a trust indenture, a deed of |
|
|
trust, or a mortgage granting a security interest in the applicable |
|
|
land or facility. |
|
|
SECTION 2. Section 130.087(k), Education Code, is amended |
|
|
to read as follows: |
|
|
(k) The proceeds of the junior college district branch |
|
|
campus maintenance tax may be used only as follows: |
|
|
(1) to operate and maintain a junior college district |
|
|
branch campus and [to] support its programs and services in the area |
|
|
of the political subdivision [a jurisdiction] that levied the |
|
|
[levies a junior college district branch campus maintenance] tax; |
|
|
and |
|
|
(2) under an agreement by the applicable junior |
|
|
college district and the political subdivision levying the tax, to |
|
|
make lease payments to the political subdivision for facilities |
|
|
used exclusively by the branch campus that are owned by the |
|
|
political subdivision [to operate, maintain, and support the same
|
|
|
junior college district branch campus]. |
|
|
SECTION 3. (a) The change in law made by this Act in adding |
|
|
Section 130.0865, Education Code, applies only to a bond issued on |
|
|
or after the effective date of this Act. A bond issued before the |
|
|
effective date of this Act is governed by the law in effect at the |
|
|
time the bond was issued, and the former law is continued in effect |
|
|
for that purpose. |
|
|
(b) The change in law made by this Act in amending Section |
|
|
130.087, Education Code, applies to the proceeds of a junior |
|
|
college district branch campus maintenance tax levied under Section |
|
|
130.087, Education Code, without regard to whether imposition of |
|
|
the tax was approved by the voters or the proceeds were derived from |
|
|
taxes imposed before, on, or after the effective date of this Act. |
|
|
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, 2013. |
| |
| |
| |
______________________________ |
______________________________ |
| |
President of the Senate |
Speaker of the House |
| |
| |
|
|
I certify that H.B. No. 2474 was passed by the House on May 2, |
|
|
2013, by the following vote: Yeas 146, Nays 1, 2 present, not |
|
|
voting. |
|
|
|
|
|
______________________________ |
|
|
Chief Clerk of the House |
| |
| |
|
|
I certify that H.B. No. 2474 was passed by the Senate on May |
|
|
20, 2013, by the following vote: Yeas 31, Nays 0. |
|
|
|
|
|
______________________________ |
|
|
Secretary of the Senate |
|
|
APPROVED: _____________________ |
|
|
Date |
|
|
|
|
|
_____________________ |
|
|
Governor |