83R12314 KEL-D
 
  By: Coleman H.B. No. 3229
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to authorizing the issuance of revenue bonds for a library
  at Texas Southern University.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.   Subchapter B, Chapter 55, Education Code, is
  amended by adding Section 55.17891 to read as follows:
         Sec. 55.17891.  TEXAS SOUTHERN UNIVERSITY; ADDITIONAL
  BONDS.  (a) In addition to the other authority granted under this
  subchapter, the board of regents of Texas Southern University may
  acquire, purchase, construct, improve, renovate, enlarge, or equip
  property, buildings, structures, facilities, roads, or related
  infrastructure for a library at Texas Southern University, to be
  financed by the issuance of bonds in accordance with this
  subchapter in an aggregate principal amount not to exceed $66
  million.
         (b)  The board may pledge irrevocably to the payment of the
  bonds authorized by Subsection (a) all or any part of the revenue
  funds of Texas Southern University, including student tuition
  charges. The amount of a pledge made under this subsection may not
  be reduced or abrogated while the bonds for which the pledge is
  made, or bonds issued to refund those bonds, are outstanding.
         SECTION 2.  Section 61.0572(e), Education Code, is amended
  to read as follows:
         (e)  Approval of the board is not required to acquire real
  property that is financed by bonds issued under Section 55.17(e)(3)
  or (4), 55.1713-55.1718, 55.1721-55.1728, 55.1735(a)(1), 55.174,
  55.1742, 55.1743, 55.1744, 55.1751-55.17592, 55.1768, 55.1771,
  [or] 55.17721, or 55.17891, except that the board shall review all
  real property to be financed by bonds issued under those sections to
  determine whether the property meets the standards adopted by the
  board for cost, efficiency, and space use.  If the property does
  not meet those standards, the board shall notify the governor, the
  lieutenant governor, the speaker of the house of representatives,
  and the Legislative Budget Board.
         SECTION 3.  Section 61.058(b), Education Code, is amended to
  read as follows:
         (b)  This section does not apply to construction, repair, or
  rehabilitation financed by bonds issued under Section 55.17(e)(3)
  or (4), 55.1713-55.1718, 55.1721-55.1728, 55.174, 55.1742,
  55.1743, 55.1744, 55.1751-55.17592, 55.1768, 55.1771, [or]
  55.17721, or 55.17891, except that the board shall review all
  construction, repair, or rehabilitation to be financed by bonds
  issued under those sections to determine whether the construction,
  rehabilitation, or repair meets the standards adopted by board rule
  for cost, efficiency, and space use.  If the construction,
  rehabilitation, or repair does not meet those standards, the board
  shall notify the governor, the lieutenant governor, the speaker of
  the house of representatives, and the Legislative Budget Board.
         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.