Texas 2013 - 83rd Regular

Texas House Bill HB3308

Voted on by House
 
Out of Senate Committee
 
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to authorizing the issuance of revenue bonds for a science and technology learning center at Texas Woman's University.

Impact

The impact of HB3308 on state laws is primarily seen in its specific provisions that amend existing statutes in the Education Code. By introducing a new section that facilitates the financing of educational projects through revenue bonds, the bill is positioning Texas Woman's University for growth in the science and technology sectors. This change in the law may serve as a precedent for similar financing mechanisms for other educational institutions across the state, potentially leading to enhanced programs and facilities in other sectors of higher education as well.

Summary

House Bill 3308 seeks to authorize the issuance of revenue bonds specifically for the establishment of a science and technology learning center at Texas Woman's University. The proposed measure includes provisions allowing for the acquisition, construction, improvement, renovation, and equipping of necessary facilities, with an emphasis on accommodating both infrastructure and property needs associated with the center’s establishment. The maximum aggregate principal amount of the issued bonds is set at $38 million, reflecting a significant investment in educational infrastructure aimed at enhancing the educational offerings of the university.

Sentiment

The sentiment around HB3308 appears to be generally supportive, particularly among stakeholders who prioritize advancing educational opportunities and infrastructure in Texas. Proponents likely view the bill as a crucial step towards fostering innovation and preparing students for future career paths in science and technology fields. However, there could also be concerns regarding the long-term financial implications of issuing bonds and how they might affect the university's fiscal responsibilities.

Contention

While there may not be significant contention reported surrounding the bill itself, the broader implications of funding educational projects through revenue bonds could be subject to scrutiny. Critics of similar measures often raise concerns about the debt burden placed on educational institutions, especially if it leads to increased tuition fees. Additionally, the emphasis on science and technology funding may provoke discussions regarding equal allocation of resources across various fields of study, including the arts and humanities.

Companion Bills

No companion bills found.

Previously Filed As

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 SB847

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

TX SB2369

Relating to the reliability and resiliency of the power grid in this state; authorizing the issuance of revenue bonds.

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 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 HJR189

Proposing a constitutional amendment reducing The University of Texas System's share of the income and other benefits of the permanent university fund, transferring to the national research university fund and general revenue fund a portion of the annual distribution made from the permanent university fund to the available university fund, appropriating the portion transferred to the national research university fund, and dedicating the portion transferred to the general revenue fund to provide for the support and maintenance of public institutions of higher education.

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 HR437

Commemorating the 10th anniversary of Texas Tech University Health Sciences Center El Paso becoming an independent university within the Texas Tech University System.

TX HB2639

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 HB2911

Relating to approval by voters prior to the issuance of revenue bonds by the San Jacinto River Authority.

Similar Bills

No similar bills found.