By: Seliger  S.B. No. 150
         (In the Senate - Filed November 10, 2014; January 27, 2015,
  read first time and referred to Committee on Higher Education;
  April 7, 2015, reported adversely, with favorable Committee
  Substitute by the following vote:  Yeas 6, Nays 1; April 7, 2015,
  sent to printer.)
Click here to see the committee vote
 
  COMMITTEE SUBSTITUTE FOR S.B. No. 150 By:  Seliger
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to authorizing the issuance of revenue bonds to fund
  capital projects at public institutions of higher education.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter B, Chapter 55, Education Code, is
  amended by adding Sections 55.1781, 55.1782, 55.1783, 55.1784,
  55.1785, 55.1786, 55.1787, 55.1788, 55.1789, 55.17891, and
  55.17892 to read as follows:
         Sec. 55.1781.  THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL
  BONDS.  (a)  In addition to the other authority granted by this
  subchapter, the board of regents of The Texas A&M University System
  may acquire, purchase, construct, improve, renovate, enlarge, or
  equip property and facilities, including roads and related
  infrastructure, for projects to be financed through the issuance of
  bonds in accordance with this subchapter and in accordance with a
  systemwide revenue financing program adopted by the board for the
  following institutions, not to exceed the following aggregate
  principal amounts for the projects specified, as follows:
               (1)  Texas A&M University--Commerce, $48 million for
  construction of a nursing and health sciences building;
               (2)  Texas A&M University--Corpus Christi, $60 million
  for construction of a life sciences research and engineering
  building;
               (3)  Texas A&M University--Kingsville, $60 million for
  an educational complex;
               (4)  Texas A&M University--Texarkana, $32 million for
  construction of an academic and student services building;
               (5)  West Texas A&M University:
                     (A)  $38,160,000 for construction of an
  agricultural sciences complex; and
                     (B)  $7,200,000 for renovation of the Amarillo
  Center;
               (6)  The Texas A&M University System Health Science
  Center:
                     (A)  $72 million for construction of a dental
  clinic facility at the Baylor College of Dentistry; and
                     (B)  $66 million for construction of a
  multidisciplinary research and education facility in Bryan, Texas;
               (7)  Texas A&M International University, $48,449,063
  for library renovation through the addition of instructional and
  support spaces;
               (8)  Prairie View A&M University, $19,941,000 for
  construction of a fabrication center and capital improvements;
               (9)  Tarleton State University:
                     (A)  $54 million for construction of an applied
  sciences building; and
                     (B)  $39,600,000 for construction of a southwest
  metroplex building in Tarrant County;
               (10)  Texas A&M University, $71,875,000 for
  construction of a biocontainment research facility;
               (11)  Texas A&M University at Galveston, $60 million
  for construction of a classroom and laboratory facility and campus
  infrastructure;
               (12)  Texas A&M University--Central Texas, $36 million
  for construction of a multipurpose building; and
               (13)  Texas A&M University--San Antonio, $57,750,000
  for construction of a science and technology building and campus
  infrastructure.
         (b)  The board may pledge irrevocably to the payment of bonds
  authorized by this section all or any part of the revenue funds of
  an institution, branch, or entity of The Texas A&M University
  System, 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.
         (c)  If sufficient funds are not available to the board to
  meet its obligations under this section, the board may transfer
  funds among institutions, branches, and entities of The Texas A&M
  University System to ensure the most equitable and efficient
  allocation of available resources for each institution, branch, or
  entity to carry out its duties and purposes.
         Sec. 55.1782.  THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL
  BONDS. (a)  In addition to the other authority granted by this
  subchapter, the board of regents of The University of Texas System
  may acquire, purchase, construct, improve, renovate, enlarge, or
  equip property and facilities, including roads and related
  infrastructure, for projects to be financed through the issuance of
  bonds in accordance with this subchapter and in accordance with a
  systemwide revenue financing program adopted by the board for the
  following institutions, not to exceed the following aggregate
  principal amounts for the projects specified, as follows:
               (1)  The University of Texas at Austin, $73,750,000 for
  renovation of Robert A. Welch Hall;
               (2)  The University of Texas--Rio Grande Valley:
                     (A)  $36,432,000 for construction of a
  multipurpose academic building at the campus in Brownsville; and
                     (B)  $30,600,000 for construction of an
  interdisciplinary engineering academic studies building at the
  campus in Edinburg;
               (3)  The University of Texas Southwestern Medical
  Center at Dallas, $73,750,000 for the construction and renovation
  of a vivarium and academic and laboratory facilities;
               (4)  The University of Texas Health Science Center at
  San Antonio, $73,750,000 for facility renewal and renovation;
               (5)  The University of Texas M. D. Anderson Cancer
  Center, $61,250,000 for construction of the Sheikh Zayed Bin Sultan
  Al Nahyan building;
               (6)  The University of Texas Medical Branch at
  Galveston, $59,325,000 for construction of a health education
  center;
               (7)  The University of Texas at Arlington, $70 million
  for construction of a science and education innovation and research
  building;
               (8)  The University of Texas at Dallas, $70 million for
  construction of an engineering building;
               (9)  The University of Texas at El Paso, $70 million for
  construction of an interdisciplinary research facility;
               (10)  The University of Texas at San Antonio, $70
  million for construction of an instructional science and
  engineering building;
               (11)  The University of Texas at Tyler, $60 million for
  construction of a STEM building;
               (12)  The University of Texas Health Science Center at
  Houston, $73,750,000 for the renovation and modernization of
  educational and research facilities;
               (13)  The University of Texas Health Science Center at
  Tyler, $14,800,000 for the renovation and modernization of
  educational and research facilities; and
               (14)  The University of Texas of the Permian Basin, $48
  million for construction of engineering and kinesiology buildings.
         (b)  The board may pledge irrevocably to the payment of bonds
  authorized by this section all or any part of the revenue funds of
  an institution, branch, or entity of The University of Texas
  System, 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.
         (c)  If sufficient funds are not available to the board to
  meet its obligations under this section, the board may transfer
  funds among institutions, branches, and entities of The University
  of Texas System to ensure the most equitable and efficient
  allocation of available resources for each institution, branch, or
  entity to carry out its duties and purposes.
         Sec. 55.1783.  UNIVERSITY OF HOUSTON SYSTEM; ADDITIONAL
  BONDS. (a)  In addition to the other authority granted by this
  subchapter, the board of regents of the University of Houston
  System may acquire, purchase, construct, improve, renovate,
  enlarge, or equip property and facilities, including roads and
  related infrastructure, for projects to be financed through the
  issuance of bonds in accordance with this subchapter and in
  accordance with a systemwide revenue financing program adopted by
  the board for the following institutions or entities, not to exceed
  the following aggregate principal amounts for the projects
  specified, as follows:
               (1)  the University of Houston:
                     (A)  $76,500,000 for construction of a health and
  biomedical sciences center; and
                     (B)  $54 million for construction of a new
  academic building located in Sugar Land, Texas;
               (2)  the University of Houston--Clear Lake:
                     (A)  $24,624,000 for construction of a health
  sciences and classroom building located in Pearland, Texas; and
                     (B)  $65,025,000 for construction of a STEM and
  classroom building;
               (3)  the University of Houston--Downtown, $60 million
  for construction of a science and technology building;
               (4)  the University of Houston--Victoria, $60 million
  for academic expansion and land acquisition; and
               (5)  the University of Houston System, $37,118,500 for
  land acquisition for construction of a building in the area near
  Katy, Texas.
         (b)  The board may pledge irrevocably to the payment of bonds
  authorized by this section all or any part of the revenue funds of
  an institution, branch, or entity of the University of Houston
  System, 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.
         (c)  If sufficient funds are not available to the board to
  meet its obligations under this section, the board may transfer
  funds among institutions, branches, and entities of the University
  of Houston System to ensure the most equitable and efficient
  allocation of available resources for each institution, branch, or
  entity to carry out its duties and purposes.
         Sec. 55.1784.  TEXAS STATE UNIVERSITY SYSTEM; ADDITIONAL
  BONDS. (a)  In addition to the other authority granted by this
  subchapter, the board of regents of the Texas State University
  System may acquire, purchase, construct, improve, renovate,
  enlarge, or equip property and facilities, including roads and
  related infrastructure, for projects to be financed through the
  issuance of bonds in accordance with this subchapter and in
  accordance with a systemwide revenue financing program adopted by
  the board for the following institutions, not to exceed the
  following aggregate principal amounts for the projects specified,
  as follows:
               (1)  Lamar University, $60 million for construction of
  a science building;
               (2)  Lamar State College--Orange, $10 million for
  construction of a multipurpose education building;
               (3)  Lamar State College--Port Arthur, $8,080,000 for
  expansion of technology program facilities;
               (4)  Lamar Institute of Technology, $12,500,000 for
  construction and renovation of technical arts buildings;
               (5)  Texas State University:
                     (A)  $63 million for construction of an
  engineering and sciences building; and
                     (B)  $48,600,000 for construction of a health
  professions building in Round Rock, Texas;
               (6)  Sam Houston State University, $48 million for
  construction of a biology laboratory building; and
               (7)  Sul Ross State University, $6,240,000 for
  renovation and modernization of educational and related facilities
  and infrastructure.
         (b)  The board may pledge irrevocably to the payment of bonds
  authorized by this section all or any part of the revenue funds of
  an institution, branch, or entity of the Texas State University
  System, 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.
         (c)  If sufficient funds are not available to the board to
  meet its obligations under this section, the board may transfer
  funds among institutions, branches, and entities of the Texas State
  University System to ensure the most equitable and efficient
  allocation of available resources for each institution, branch, or
  entity to carry out its duties and purposes.
         Sec. 55.1785.  UNIVERSITY OF NORTH TEXAS SYSTEM; ADDITIONAL
  BONDS.  (a)  In addition to the other authority granted by this
  subchapter, the board of regents of the University of North Texas
  System may acquire, purchase, construct, improve, renovate,
  enlarge, or equip property and facilities, including roads and
  related infrastructure, for projects to be financed through the
  issuance of bonds in accordance with this subchapter and in
  accordance with a systemwide revenue financing program adopted by
  the board for the following institutions or entities, not to exceed
  the following aggregate principal amounts for the projects
  specified, as follows:
               (1)  the University of North Texas System, $49 million
  for renovation of college of law buildings;
               (2)  the University of North Texas, $70 million for
  construction and renovation of college of visual arts and design
  facilities;
               (3)  the University of North Texas at Dallas,
  $57,750,000 for construction of a student learning and success
  center; and
               (4)  the University of North Texas Health Science
  Center at Fort Worth, $73,750,000 for construction of an
  interdisciplinary research building.
         (b)  The board may pledge irrevocably to the payment of bonds
  authorized by this section all or any part of the revenue funds of
  an institution, branch, or entity of the University of North Texas
  System, 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.
         (c)  If sufficient funds are not available to the board to
  meet its obligations under this section, the board may transfer
  funds among institutions, branches, and entities of the University
  of North Texas System to ensure the most equitable and efficient
  allocation of available resources for each institution, branch, or
  entity to carry out its duties and purposes.
         Sec. 55.1786.  TEXAS WOMAN'S UNIVERSITY.  (a)  In addition
  to the other authority granted by this subchapter, the board of
  regents of Texas Woman's University may acquire, purchase,
  construct, improve, renovate, enlarge, or equip property and
  facilities, including roads and related infrastructure, for a
  laboratory building, to be financed through the issuance of bonds
  in accordance with this subchapter, not to exceed the aggregate
  principal amount of $37,997,000.
         (b)  The board may pledge irrevocably to the payment of bonds
  authorized by this section all or any part of the revenue funds of
  Texas Woman's 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.
         Sec. 55.1787.  MIDWESTERN STATE UNIVERSITY; ADDITIONAL
  BONDS.  (a)  In addition to the other authority granted by this
  subchapter, the board of regents of Midwestern State University may
  acquire, purchase, construct, improve, renovate, enlarge, or equip
  property and facilities, including roads and related
  infrastructure, for an academic expansion and revitalization
  project, to be financed through the issuance of bonds in accordance
  with this subchapter, not to exceed the aggregate principal amount
  of $58,400,000.
         (b)  The board may pledge irrevocably to the payment of bonds
  authorized by this section all or any part of the revenue funds of
  Midwestern State 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.
         Sec. 55.1788.  STEPHEN F. AUSTIN STATE UNIVERSITY.  (a)  In
  addition to the other authority granted by this subchapter, the
  board of regents of Stephen F. Austin State University may acquire,
  purchase, construct, improve, renovate, enlarge, or equip property
  and facilities, including roads and related infrastructure, for a
  science, technology, engineering, and mathematics research
  building at Stephen F. Austin State University, to be financed
  through the issuance of bonds in accordance with this subchapter,
  not to exceed the aggregate principal amount of $46,400,000.
         (b)  The board may pledge irrevocably to the payment of bonds
  authorized by this section all or any part of the revenue funds of
  Stephen F. Austin State 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.
         Sec. 55.1789.  TEXAS TECH UNIVERSITY SYSTEM; ADDITIONAL
  BONDS.  (a)  In addition to the other authority granted by this
  subchapter, the board of regents of the Texas Tech University
  System may acquire, purchase, construct, improve, renovate,
  enlarge, or equip property and facilities, including roads and
  related infrastructure, for projects to be financed through the
  issuance of bonds in accordance with this subchapter and in
  accordance with a systemwide revenue financing program adopted by
  the board for the following institutions, not to exceed the
  following aggregate principal amounts for the projects specified,
  as follows:
               (1)  Texas Tech University Health Sciences Center:
                     (A)  $60,264,000 for construction of Lubbock
  education, research, and technology facilities;
                     (B)  $12,830,400 for construction of the Permian
  Basin academic facility; and
                     (C)  $5,715,000 for construction of the Amarillo
  Panhandle Clinical/Hospital Simulation Center;
               (2)  Texas Tech University Health Sciences Center at El
  Paso, $71,860,000 for construction of the El Paso Medical Science
  Building II;
               (3)  Texas Tech University, $70 million for
  construction of an experimental sciences high tech
  interdisciplinary research building; and
               (4)  Angelo State University, $21,360,000 for
  construction of a College of Health and Human Services building.
         (b)  The board may pledge irrevocably to the payment of bonds
  authorized by this section all or any part of the revenue funds of
  an institution, branch, or entity of the Texas Tech University
  System, 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.
         (c)  If sufficient funds are not available to the board to
  meet its obligations under this section, the board may transfer
  funds among institutions, branches, and entities of the Texas Tech
  University System to ensure the most equitable and efficient
  allocation of available resources for each institution, branch, or
  entity to carry out its duties and purposes.
         Sec. 55.17891.  TEXAS SOUTHERN UNIVERSITY; ADDITIONAL
  BONDS.  (a)  In addition to the other authority granted by this
  subchapter, the board of regents of Texas Southern University may
  acquire, purchase, construct, improve, renovate, enlarge, or equip
  property and facilities, including roads and related
  infrastructure, for the Robert J. Terry Library at Texas Southern
  University, to be financed through the issuance of bonds in
  accordance with this subchapter, not to exceed the aggregate
  principal amount of $60 million.
         (b)  The board may pledge irrevocably to the payment of bonds
  authorized by this section 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.
         Sec. 55.17892.  TEXAS STATE TECHNICAL COLLEGE SYSTEM.  
  (a)  In addition to the other authority granted by this subchapter,
  the board of regents of the Texas State Technical College System may
  acquire, purchase, construct, improve, renovate, enlarge, or equip
  property and facilities, including roads and related
  infrastructure, for projects to be financed through the issuance of
  bonds in accordance with this subchapter for the following
  institutions, not to exceed the following aggregate principal
  amounts for the projects specified, as follows:
               (1)  Texas State Technical College--West Texas, $12
  million for construction of an industrial technology center;
               (2)  Texas State Technical College--Harlingen,
  $3,750,000 for Phase II of the Engineering Technology Center
  renovation;
               (3)  Texas State Technical College--Waco, $14,950,000
  for construction of the Fort Bend Campus Building #2; and
               (4)  Texas State Technical College--Marshall,
  $11,040,000 for purchase and renovation of the North Texas
  Industrial Technology Center.
         (b)  The board may pledge irrevocably to the payment of those
  bonds all or any part of the revenue funds of an institution,
  branch, or entity of the Texas State Technical College System,
  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.
         (c)  If sufficient funds are not available to the board to
  meet its obligations under this section, the board may transfer
  funds among institutions, branches, and entities of the Texas State
  Technical College System to ensure the most equitable and efficient
  allocation of available resources for each institution, branch, or
  entity to carry out its duties and purposes.
         SECTION 2.  This Act does not affect any authority or
  restriction regarding the activities that a public institution of
  higher education may conduct in connection with a facility financed
  by bonds authorized by this Act.
         SECTION 3.  This Act takes effect September 1, 2015.
 
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