By: Parker (Senate Sponsor - Taylor of Collin) H.B. No. 2851
         (In the Senate - Received from the House May 12, 2015;
  May 15, 2015, read first time and referred to Committee on State
  Affairs; May 21, 2015, reported favorably by the following vote:  
  Yeas 9, Nays 0; May 21, 2015, sent to printer.)
Click here to see the committee vote
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the limitation on the liability of the nonprofit
  corporation established by the Texas Public Finance Authority to
  issue revenue bonds for open-enrollment charter schools to provide
  educational facilities.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 53.351(b), Education Code, is amended to
  read as follows:
         (b)  The Texas Public Finance Authority shall appoint the
  directors of the corporation in consultation with the commissioner
  of education and subject to the approval of the
  governor.  Directors serve without compensation but are entitled
  to reimbursement for travel expenses incurred in attending board
  meetings.  The board shall meet at least once a year.
         SECTION 2.  Subchapter C, Chapter 53, Education Code, is
  amended by adding Section 53.352 to read as follows:
         Sec. 53.352.  LIMITATION ON LIABILITY OF CORPORATION. A
  director, officer, or employee of the nonprofit corporation
  established by the Texas Public Finance Authority under Section
  53.351 is not personally liable:
               (1)  for damage, loss, or injury resulting from the
  performance of the person's duties under Section 53.351; or
               (2)  on any commitment or agreement executed on behalf
  of the corporation under Section 53.351.
         SECTION 3.  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, 2015.
 
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