81R2114 JRJ-D
By: Aycock H.B. No. 61
A BILL TO BE ENTITLED
AN ACT
relating to the statutory limitation imposed on certain university
systems to issue revenue bonds to fund facilities at certain
institutions of higher education.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 55.1751(d) and (e), Education Code, are
amended to read as follows:
(d) Notwithstanding Subsection (a), The Texas A&M
University System may not issue bonds under this section for
facilities at Texas A&M University--Central Texas until the Texas
Higher Education Coordinating Board certifies that enrollment at
Texas A&M University--Central Texas has reached an enrollment
equivalent of 1,500 full-time students for one semester. [If that
enrollment is not reached by January 1, 2010, the system's
authority to issue bonds for Texas A&M University--Central Texas
under this section expires on that date.]
(e) Notwithstanding Subsection (a), The Texas A&M
University System may not issue bonds under this section for
facilities at Texas A&M University--San Antonio until the Texas
Higher Education Coordinating Board certifies that enrollment at
Texas A&M University--San Antonio has reached an enrollment
equivalent of 1,500 full-time students for one semester. [If that
enrollment is not reached by January 1, 2010, the system's
authority to issue bonds for Texas A&M University--San Antonio
under this section expires on that date.]
SECTION 2. Section 55.1755(d), Education Code, is amended
to read as follows:
(d) Notwithstanding Subsection (a), the University of North
Texas System may not issue bonds under this section for facilities
at the University of North Texas Dallas Campus until the Texas
Higher Education Coordinating Board certifies that enrollment at
the University of North Texas Dallas Campus has reached an
enrollment equivalent of 1,500 full-time students for one
semester. [If that enrollment is not reached by January 1, 2010,
the system's authority to issue bonds for the University of North
Texas Dallas Campus under this section expires on that date.]
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2009.