By: King of Parker (Senate Sponsor - Estes) H.B. No. 2474
         (In the Senate - Received from the House May 6, 2013;
  May 7, 2013, read first time and referred to Committee on Higher
  Education; May 17, 2013, reported favorably by the following vote:  
  Yeas 6, Nays 0; May 17, 2013, sent to printer.)
 
 
A BILL TO BE ENTITLED
 
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.
 
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