Texas House Bill HB1916

Texas 2009 - 81st Regular

Caption

Relating to authorizing the issuance of revenue bonds for capital projects at Sam Houston State University.

Impact

The passage of HB1916 is expected to enhance the physical and academic landscape of Sam Houston State University by enabling the construction of new facilities that can accommodate increasing student population and program needs. This development will likely bolster the university’s ability to offer quality education and specialized programs, further contributing to the state’s educational goals. Furthermore, such investments may lead to job creation within the community during the construction phase and support opportunities for students in relevant fields of study.

Summary

House Bill 1916 seeks to authorize the issuance of revenue bonds specifically for capital projects at Sam Houston State University. This legislation is aimed at financing various improvement initiatives, including the construction of an agriculture complex and an academic building. The total amount proposed for issuance is capped at $20 million, which would provide significant funding for infrastructure that supports educational facilities and resources. The bill empowers the Texas State University System's Board of Regents to manage the acquired funds effectively for the development of these projects.

Contention

While HB1916 provides necessary funding for educational infrastructure, it may also raise concerns over the financial implications associated with increasing reliance on revenue bonds. Critics of revenue bond issuance often argue about the long-term financial obligations imposed on universities and the potential impact on student costs, including tuition fees. The bill does not specify the sources of revenue that would be pledged for bond repayment, leading to questions regarding financial sustainability and the prioritization of funds within the Texas State University System.