Texas House Bill HB1602

Texas 2009 - 81st Regular

Caption

Relating to authorizing the issuance of revenue bonds for Texas State University--San Marcos for the Round Rock Higher Education Center in Williamson County.

Impact

The passage of HB1602 is expected to have a considerable impact on state education funding mechanisms, particularly in how state universities can leverage bond financing to support capital projects. The approval of these bonds would allow Texas State University to fund its Health Professions Building No. 1, thereby expanding educational resources in health professions which is crucial for meeting workforce demands in the region. This project could potentially enhance the quality of education and increase student enrollment at the institution.

Summary

House Bill 1602 seeks to authorize the issuance of up to $73,366,997 in revenue bonds specifically for Texas State University—San Marcos, aimed at funding the construction and development of the Higher Education Center located in Round Rock, Williamson County. This bill is significant as it directly addresses the funding needs for higher education infrastructure, enabling the university to enhance its facilities and service offerings to students and the local community.

Contention

Notable points of contention surrounding HB1602 may include discussions on fiscal responsibility and the appropriateness of incurring debt for educational institutions. Opponents may raise concerns regarding the long-term implications of borrowing, especially in terms of how it might affect tuition rates and student fees, as the board can pledge student tuition charges for bond repayment. Additionally, scrutiny could emerge around ensuring equitable resource allocation among different institutions within the Texas State University System, as the bill permits the transfer of funds among these entities.