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A BILL TO BE ENTITLED
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AN ACT
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relating to the appropriation of money from the economic |
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stabilization fund for maintenance and repairs at institutions of |
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higher education. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. (a) The legislature finds, in part based on |
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information concerning deferred maintenance included in the annual |
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reports required by Section 61.05821, Education Code, that there is |
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a demonstrated need to fund previously deferred maintenance and |
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repairs of buildings and facilities at general academic and |
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health-related institutions of higher education. |
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(b) In addition to other amounts appropriated to the Texas |
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Higher Education Coordinating Board for the state fiscal biennium |
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ending August 31, 2017, $500 million is appropriated out of the |
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economic stabilization fund to the Texas Higher Education |
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Coordinating Board for that state fiscal biennium for purposes of: |
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(1) allocating, in the manner provided by Subsection |
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(c) of this section, a portion of the money to each institution of |
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higher education that was included in the board's 2012 report on |
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accumulated deferred maintenance needs at institutions of higher |
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education as having deferred necessary maintenance of the |
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institution's buildings and facilities; and |
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(2) distributing the allocated amounts to those |
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institutions of higher education to be used during that state |
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fiscal biennium for previously deferred maintenance and repairs, |
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infrastructure support, and rehabilitation of buildings and |
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facilities at those institutions. |
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(c) The Texas Higher Education Coordinating Board shall |
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allocate money to each institution of higher education described by |
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Subsection (b)(1) of this section in the proportion that the cost of |
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the deferred maintenance at that institution as specified in the |
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2012 report described by that subdivision bears to the total cost of |
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the deferred maintenance at all institutions of higher education as |
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specified in that report. |
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SECTION 2. This Act takes effect September 1, 2015, but only |
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if the Act receives a vote of two-thirds of the members present in |
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each house of the legislature, as provided by Section 49-g(m), |
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Article III, Texas Constitution. |