Texas 2021 - 87th Regular

Texas House Bill HB1000

Caption

Relating to authorizing the issuance of revenue bonds to fund capital projects at Sul Ross State University and Sul Ross State University Rio Grande College.

Impact

The enactment of HB1000 is expected to enhance the educational infrastructure in the regions served by these universities. By financing these capital projects, the bill aims to improve facilities that are crucial for academic and extracurricular experiences. This investment is anticipated to benefit students, faculty, and the community by providing more resources and improved educational environments. It signifies a commitment to higher education and reflects a broader strategy to support educational institutions in fulfilling their missions.

Summary

House Bill 1000 is a legislative proposal aimed at facilitating the issuance of revenue bonds to fund significant capital projects at Sul Ross State University and its branch, Sul Ross State University Rio Grande College. This bill specifically authorizes the Texas State University System's board of regents to finance these projects through a systemwide revenue financing program. The total amount allocated under the bill includes $35 million for the expansion of a fine arts facility at Sul Ross State University and $44 million for the construction of a multipurpose education and services building at Sul Ross State University Rio Grande College.

Contention

While the specifics of HB1000 appear largely supportive of educational advancements, there may be underlying concerns regarding budget allocations and governance related to bond issuance. Pledging revenue funds, such as student tuition charges, to back the bonds could raise questions among stakeholders who might be apprehensive about the potential financial implications for students and their families. Additionally, the flexibility for the board to transfer funds among institutions could lead to debates regarding resource equity and prioritization among the Texas State University System's branches.

Companion Bills

No companion bills found.

Previously Filed As

TX SB847

Relating to authorizing the issuance of revenue bonds for certain capital projects at The University of Texas at El Paso.

TX HB1960

Relating to the course levels offered at Sul Ross State University Rio Grande College.

TX SB846

Relating to authorizing the insurance of revenue bonds for certain capital projects at Texas Tech University Health Sciences Center at El Paso.

TX SB1055

Relating to the creation of a new university in Nacogdoches, Texas, within The University of Texas System and the allocation of the annual constitutional appropriation to certain agencies and institutions of higher education; abolishing Stephen F. Austin State University.

TX HB2639

TX SJR26

Proposing a constitutional amendment to entitle all component institutions of The Texas A&M University System and The University of Texas System to participate in the income and other benefits of the permanent university fund.

TX SJR81

Proposing a constitutional amendment providing for the creation of funds to support the capital needs of educational programs offered by the Texas State Technical College System and certain component institutions of the Texas State University System and repealing the limitation on the allocation to the Texas State Technical College System and its campuses of the annual appropriation of certain constitutionally dedicated funding for public institutions of higher education.

TX HJR201

Proposing a constitutional amendment providing for the creation of the technical institution infrastructure fund and the available workforce education fund to support the capital needs of career and technical education programs offered by the Texas State Technical College System, the Lamar Institute of Technology, Lamar State College-Orange, and Lamar State College-Port Arthur.

TX SB2070

Relating to the funding of projects by the Public Utility Commission of Texas to promote the reliability and resiliency of the power grid in this state; authorizing the issuance of revenue bonds.

TX HB2832

Relating to the funding of multimodal transportation projects; authorizing the issuance of revenue bonds.

Similar Bills

No similar bills found.