Texas House Bill HB1603

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

By allowing the issuance of these revenue bonds, HB1603 aims to enhance the educational infrastructure in Texas, particularly in the burgeoning fields of health professions. This legislative action responds to a need for improved facilities to support educational programs that meet the demands of local communities, thereby potentially increasing enrollment and fostering workforce development in critical areas of health care.

Summary

House Bill 1603 authorizes the issuance of revenue bonds for Texas State University–San Marcos specifically to fund the development of the Health Professions Building No. 2 at the Round Rock Higher Education Center in Williamson County. The bill enables the university board of regents to acquire, construct, improve, and equip facilities necessary for the growth of educational opportunities in the region, with a financial cap of $24,849,899 for the bond issuance.

Contention

While the bill aims to bolster educational resources, it may also raise questions regarding financial accountability and the impact of increased student tuition as a funding source for bond repayment. There might be concerns among stakeholders regarding the sufficiency of anticipated revenues to cover repayment obligations, as well as how these funding arrangements align with broader state educational goals.