Texas 2013 - 83rd 2nd C.S.

Texas House Bill HB5 Compare Versions

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1	1	83S20326 JRJ-D
2	2	By: Branch, Otto, Pitts, Giddings, Oliveira, H.B. No. 5
3	3	et al.
4	4
5	5
6	6	A BILL TO BE ENTITLED
7	7	AN ACT
8	8	relating to authorizing the issuance of revenue bonds to fund
9	9	capital projects at public institutions of higher education; making
10	10	an appropriation.
11	11	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
12	12	SECTION 1. Subchapter B, Chapter 55, Education Code, is
13	13	amended by adding Sections 55.1781, 55.1782, 55.1783, 55.1784,
14	14	55.1785, 55.1786, 55.1787, 55.1788, 55.1789, 55.17891, and
15	15	55.17892 to read as follows:
16	16	Sec. 55.1781. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL
17	17	BONDS. (a) In addition to the other authority granted by this
18	18	subchapter, the board of regents of The Texas A&M University System
19	19	may acquire, purchase, construct, improve, renovate, enlarge, or
20	20	equip property and facilities, including roads and related
21	21	infrastructure, for projects to be financed through the issuance of
22	22	bonds in accordance with this subchapter and in accordance with a
23	23	systemwide revenue financing program adopted by the board for the
24	24	following institutions, not to exceed the following aggregate
25	25	principal amounts for the projects specified, as follows:
26	26	(1) Texas A&M University--Commerce, $40 million for a
27	27	library and technology center;
28	28	(2) Texas A&M University--Corpus Christi, $60 million
29	29	for a life sciences research building;
30	30	(3) Texas A&M University--Kingsville, $33.6 million
31	31	for music building expansion and renovation of Jones Auditorium;
32	32	(4) Texas A&M University--Texarkana, $36.8 million
33	33	for an academic and laboratory learning center;
34	34	(5) West Texas A&M University, $12 million for the
35	35	Amarillo Center;
36	36	(6) The Texas A&M University System Health Science
37	37	Center:
38	38	(A) $7.2 million for facilities in Round Rock,
39	39	Texas;
40	40	(B) $36 million for a research building in
41	41	Temple, Texas; and
42	42	(C) $64 million for an education center and
43	43	research building in Dallas, Texas;
44	44	(7) Texas A&M International University, $41.6 million
45	45	for library renovation, additional instructional spaces, and a
46	46	support services building;
47	47	(8) Prairie View A&M University, $12.8 million for
48	48	critical deferred maintenance;
49	49	(9) Tarleton State University:
50	50	(A) $52 million for the Gates Agriculture and
51	51	Business Building; and
52	52	(B) $12 million for the Midlothian Higher
53	53	Education Center;
54	54	(10) Texas A&M University, $64 million for a
55	55	biocontainment research facility;
56	56	(11) Texas A&M University at Galveston, $36.8 million
57	57	for an academic building;
58	58	(12) Texas A&M University--Central Texas, $50 million
59	59	for a science, health science, and wellness building; and
60	60	(13) Texas A&M University--San Antonio, $70 million
61	61	for a science and technology building.
62	62	(b) The board may pledge irrevocably to the payment of bonds
63	63	authorized by this section all or any part of the revenue funds of
64	64	an institution, branch, or entity of The Texas A&M University
65	65	System, including student tuition charges. The amount of a pledge
66	66	made under this subsection may not be reduced or abrogated while the
67	67	bonds for which the pledge is made, or bonds issued to refund those
68	68	bonds, are outstanding.
69	69	(c) If sufficient funds are not available to the board to
70	70	meet its obligations under this section, the board may transfer
71	71	funds among institutions, branches, and entities of The Texas A&M
72	72	University System to ensure the most equitable and efficient
73	73	allocation of available resources for each institution, branch, or
74	74	entity to carry out its duties and purposes.
75	75	Sec. 55.1782. THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL
76	76	BONDS. (a) In addition to the other authority granted by this
77	77	subchapter, the board of regents of The University of Texas System
78	78	may acquire, purchase, construct, improve, renovate, enlarge, or
79	79	equip property and facilities, including roads and related
80	80	infrastructure, for projects to be financed through the issuance of
81	81	bonds in accordance with this subchapter and in accordance with a
82	82	systemwide revenue financing program adopted by the board for the
83	83	following institutions, not to exceed the following aggregate
84	84	principal amounts for the projects specified, as follows:
85	85	(1) The University of Texas at Austin, $95 million for
86	86	an engineering education and research center;
87	87	(2) The University of Texas at Brownsville or its
88	88	successor university, $100 million for a new campus in Brownsville;
89	89	(3) The University of Texas--Pan American, $78.4
90	90	million for Science Building II;
91	91	(4) The University of Texas Southwestern Medical
92	92	Center at Dallas, $60 million for north campus Phase VI vivarium and
93	93	research facilities;
94	94	(5) The University of Texas Health Science Center at
95	95	San Antonio, $11.2 million for a South Texas diabetes institute and
96	96	for an enhanced performance laboratory of the Barshop Institute for
97	97	Longevity and Aging Studies;
98	98	(6) The University of Texas M. D. Anderson Cancer
99	99	Center, $50 million for a personalized cancer care building;
100	100	(7) The University of Texas Medical Branch at
101	101	Galveston, $40 million for a health education center;
102	102	(8) The University of Texas at Arlington, $64.3
103	103	million for renovation of and addition to a life science building;
104	104	(9) The University of Texas at Dallas, $76 million for
105	105	an engineering building;
106	106	(10) The University of Texas at El Paso, $88 million
107	107	for an interdisciplinary research facility;
108	108	(11) The University of Texas at San Antonio, $74.2
109	109	million for an experimental science instructional building;
110	110	(12) The University of Texas at Tyler, $38.8 million
111	111	for a STEM and business complex and renovation of the business
112	112	building;
113	113	(13) The University of Texas Health Science Center at
114	114	Houston, $100 million for the renovation and modernization of
115	115	educational and research facilities;
116	116	(14) The University of Texas Health Science Center at
117	117	Tyler, $4,804,000 for the Riter Center Primary Care Training Center
118	118	renovation; and
119	119	(15) The University of Texas of the Permian Basin, $48
120	120	million for an engineering building.
121	121	(b) The board may pledge irrevocably to the payment of bonds
122	122	authorized by this section all or any part of the revenue funds of
123	123	an institution, branch, or entity of The University of Texas
124	124	System, including student tuition charges. The amount of a pledge
125	125	made under this subsection may not be reduced or abrogated while the
126	126	bonds for which the pledge is made, or bonds issued to refund those
127	127	bonds, are outstanding.
128	128	(c) If sufficient funds are not available to the board to
129	129	meet its obligations under this section, the board may transfer
130	130	funds among institutions, branches, and entities of The University
131	131	of Texas System to ensure the most equitable and efficient
132	132	allocation of available resources for each institution, branch, or
133	133	entity to carry out its duties and purposes.
134	134	Sec. 55.1783. UNIVERSITY OF HOUSTON SYSTEM; ADDITIONAL
135	135	BONDS. (a) In addition to the other authority granted by this
136	136	subchapter, the board of regents of the University of Houston
137	137	System may acquire, purchase, construct, improve, renovate,
138	138	enlarge, or equip property and facilities, including roads and
139	139	related infrastructure, for projects to be financed through the
140	140	issuance of bonds in accordance with this subchapter and in
141	141	accordance with a systemwide revenue financing program adopted by
142	142	the board for the following institutions, not to exceed the
143	143	following aggregate principal amounts for the projects specified,
144	144	as follows:
145	145	(1) the University of Houston, $70 million for a
146	146	pharmacy and biomedical sciences building;
147	147	(2) the University of Houston--Clear Lake, $67.2
148	148	million for a science and academic support building;
149	149	(3) the University of Houston--Downtown, $37.2
150	150	million for a science and technology building; and
151	151	(4) the University of Houston--Victoria, $78,356,800
152	152	for campus expansion.
153	153	(b) The board may pledge irrevocably to the payment of bonds
154	154	authorized by this section all or any part of the revenue funds of
155	155	an institution, branch, or entity of the University of Houston
156	156	System, including student tuition charges. The amount of a pledge
157	157	made under this subsection may not be reduced or abrogated while the
158	158	bonds for which the pledge is made, or bonds issued to refund those
159	159	bonds, are outstanding.
160	160	(c) If sufficient funds are not available to the board to
161	161	meet its obligations under this section, the board may transfer
162	162	funds among institutions, branches, and entities of the University
163	163	of Houston System to ensure the most equitable and efficient
164	164	allocation of available resources for each institution, branch, or
165	165	entity to carry out its duties and purposes.
166	166	Sec. 55.1784. TEXAS STATE UNIVERSITY SYSTEM; ADDITIONAL
167	167	BONDS. (a) In addition to the other authority granted by this
168	168	subchapter, the board of regents of the Texas State University
169	169	System may acquire, purchase, construct, improve, renovate,
170	170	enlarge, or equip property and facilities, including roads and
171	171	related infrastructure, for projects to be financed through the
172	172	issuance of bonds in accordance with this subchapter and in
173	173	accordance with a systemwide revenue financing program adopted by
174	174	the board for the following institutions, not to exceed the
175	175	following aggregate principal amounts for the projects specified,
176	176	as follows:
177	177	(1) Lamar University, $32 million for a science
178	178	building;
179	179	(2) Lamar State College--Orange, $14,222,400 for a
180	180	multipurpose education building;
181	181	(3) Lamar State College--Port Arthur, $2,180,000 for
182	182	an addition to the allied health building;
183	183	(4) Lamar Institute of Technology, $12 million for
184	184	renovation and replacement of the technical arts buildings;
185	185	(5) Texas State University--San Marcos:
186	186	(A) $44.8 million for a medical education and
187	187	research building in Round Rock, Texas; and
188	188	(B) $73,265,729 for an engineering and science
189	189	building;
190	190	(6) Sam Houston State University, $31,720,000 for a
191	191	biology, nursing, and allied health building; and
192	192	(7) Sul Ross State University, $3.4 million for
193	193	renovation and modernization of educational and related facilities
194	194	and infrastructure.
195	195	(b) The board may pledge irrevocably to the payment of bonds
196	196	authorized by this section all or any part of the revenue funds of
197	197	an institution, branch, or entity of the Texas State University
198	198	System, including student tuition charges. The amount of a pledge
199	199	made under this subsection may not be reduced or abrogated while the
200	200	bonds for which the pledge is made, or bonds issued to refund those
201	201	bonds, are outstanding.
202	202	(c) If sufficient funds are not available to the board to
203	203	meet its obligations under this section, the board may transfer
204	204	funds among institutions, branches, and entities of the Texas State
205	205	University System to ensure the most equitable and efficient
206	206	allocation of available resources for each institution, branch, or
207	207	entity to carry out its duties and purposes.
208	208	Sec. 55.1785. UNIVERSITY OF NORTH TEXAS SYSTEM; ADDITIONAL
209	209	BONDS. (a) In addition to the other authority granted by this
210	210	subchapter, the board of regents of the University of North Texas
211	211	System may acquire, purchase, construct, improve, renovate,
212	212	enlarge, or equip property and facilities, including roads and
213	213	related infrastructure, for projects to be financed through the
214	214	issuance of bonds in accordance with this subchapter and in
215	215	accordance with a systemwide revenue financing program adopted by
216	216	the board for the following institutions, not to exceed the
217	217	following aggregate principal amounts for the projects specified,
218	218	as follows:
219	219	(1) the University of North Texas System, $56 million
220	220	for college of law building renovations;
221	221	(2) the University of North Texas, $73.6 million for a
222	222	college of visual arts and design facility;
223	223	(3) the University of North Texas at Dallas, $70
224	224	million for a library and student success center; and
225	225	(4) the University of North Texas Health Science
226	226	Center at Fort Worth, $66,600,000 for an interdisciplinary research
227	227	building.
228	228	(b) The board may pledge irrevocably to the payment of bonds
229	229	authorized by this section all or any part of the revenue funds of
230	230	an institution, branch, or entity of the University of North Texas
231	231	System, including student tuition charges. The amount of a pledge
232	232	made under this subsection may not be reduced or abrogated while the
233	233	bonds for which the pledge is made, or bonds issued to refund those
234	234	bonds, are outstanding.
235	235	(c) If sufficient funds are not available to the board to
236	236	meet its obligations under this section, the board may transfer
237	237	funds among institutions, branches, and entities of the University
238	238	of North Texas System to ensure the most equitable and efficient
239	239	allocation of available resources for each institution, branch, or
240	240	entity to carry out its duties and purposes.
241	241	Sec. 55.1786. TEXAS WOMAN'S UNIVERSITY. (a) In addition to
242	242	the other authority granted by this subchapter, the board of
243	243	regents of Texas Woman's University may acquire, purchase,
244	244	construct, improve, renovate, enlarge, or equip property and
245	245	facilities, including roads and related infrastructure, for a
246	246	science and technology learning center, to be financed through the
247	247	issuance of bonds in accordance with this subchapter, not to exceed
248	248	the aggregate principal amount of $37,996,928.
249	249	(b) The board may pledge irrevocably to the payment of bonds
250	250	authorized by this section all or any part of the revenue funds of
251	251	Texas Woman's University, including student tuition charges. The
252	252	amount of a pledge made under this subsection may not be reduced or
253	253	abrogated while the bonds for which the pledge is made, or bonds
254	254	issued to refund those bonds, are outstanding.
255	255	Sec. 55.1787. MIDWESTERN STATE UNIVERSITY; ADDITIONAL
256	256	BONDS. (a) In addition to the other authority granted by this
257	257	subchapter, the board of regents of Midwestern State University may
258	258	acquire, purchase, construct, improve, renovate, enlarge, or equip
259	259	property and facilities, including roads and related
260	260	infrastructure, for library, College of Education, and information
261	261	technology facilities at Midwestern State University, to be
262	262	financed through the issuance of bonds in accordance with this
263	263	subchapter, not to exceed the aggregate principal amount of
264	264	$23,992,000.
265	265	(b) The board may pledge irrevocably to the payment of bonds
266	266	authorized by this section all or any part of the revenue funds of
267	267	Midwestern State University, including student tuition charges.
268	268	The amount of a pledge made under this subsection may not be reduced
269	269	or abrogated while the bonds for which the pledge is made, or bonds
270	270	issued to refund those bonds, are outstanding.
271	271	Sec. 55.1788. STEPHEN F. AUSTIN STATE UNIVERSITY. (a) In
272	272	addition to the other authority granted by this subchapter, the
273	273	board of regents of Stephen F. Austin State University may acquire,
274	274	purchase, construct, improve, renovate, enlarge, or equip property
275	275	and facilities, including roads and related infrastructure, for a
276	276	science, technology, engineering, and mathematics research
277	277	building at Stephen F. Austin State University, to be financed
278	278	through the issuance of bonds in accordance with this subchapter,
279	279	not to exceed the aggregate principal amount of $40 million.
280	280	(b) The board may pledge irrevocably to the payment of bonds
281	281	authorized by this section all or any part of the revenue funds of
282	282	Stephen F. Austin State University, including student tuition
283	283	charges. The amount of a pledge made under this subsection may not
284	284	be reduced or abrogated while the bonds for which the pledge is
285	285	made, or bonds issued to refund those bonds, are outstanding.
286	286	Sec. 55.1789. TEXAS TECH UNIVERSITY SYSTEM; ADDITIONAL
287	287	BONDS. (a) In addition to the other authority granted by this
288	288	subchapter, the board of regents of the Texas Tech University
289	289	System may acquire, purchase, construct, improve, renovate,
290	290	enlarge, or equip property and facilities, including roads and
291	291	related infrastructure, for projects to be financed through the
292	292	issuance of bonds in accordance with this subchapter and in
293	293	accordance with a systemwide revenue financing program adopted by
294	294	the board for the following institutions, not to exceed the
295	295	following aggregate principal amounts for the projects specified,
296	296	as follows:
297	297	(1) Texas Tech University Health Sciences Center:
298	298	(A) $36 million for Lubbock education, research,
299	299	and technology facilities;
300	300	(B) $79.2 million for the El Paso Medical Science
301	301	Building II; and
302	302	(C) $15,120,000 for the Permian Basin academic
303	303	facility;
304	304	(2) Texas Tech University, $70.2 million for a
305	305	research building; and
306	306	(3) Angelo State University, $14,896,000 for a health
307	307	and human services building.
308	308	(b) The board may pledge irrevocably to the payment of bonds
309	309	authorized by this section all or any part of the revenue funds of
310	310	an institution, branch, or entity of the Texas Tech University
311	311	System, including student tuition charges. The amount of a pledge
312	312	made under this subsection may not be reduced or abrogated while the
313	313	bonds for which the pledge is made, or bonds issued to refund those
314	314	bonds, are outstanding.
315	315	(c) If sufficient funds are not available to the board to
316	316	meet its obligations under this section, the board may transfer
317	317	funds among institutions, branches, and entities of the Texas Tech
318	318	University System to ensure the most equitable and efficient
319	319	allocation of available resources for each institution, branch, or
320	320	entity to carry out its duties and purposes.
321	321	Sec. 55.17891. TEXAS SOUTHERN UNIVERSITY; ADDITIONAL
322	322	BONDS. (a) In addition to the other authority granted by this
323	323	subchapter, the board of regents of Texas Southern University may
324	324	acquire, purchase, construct, improve, renovate, enlarge, or equip
325	325	property and facilities, including roads and related
326	326	infrastructure, for the Robert J. Terry Library at Texas Southern
327	327	University, to be financed through the issuance of bonds in
328	328	accordance with this subchapter, not to exceed the aggregate
329	329	principal amount of $52,814,129.
330	330	(b) The board may pledge irrevocably to the payment of bonds
331	331	authorized by this section all or any part of the revenue funds of
332	332	Texas Southern University, including student tuition charges. The
333	333	amount of a pledge made under this subsection may not be reduced or
334	334	abrogated while the bonds for which the pledge is made, or bonds
335	335	issued to refund those bonds, are outstanding.
336	336	Sec. 55.17892. TEXAS STATE TECHNICAL COLLEGE SYSTEM. (a) In
337	337	addition to the other authority granted by this subchapter, the
338	338	board of regents of the Texas State Technical College System may
339	339	acquire, purchase, construct, improve, renovate, enlarge, or equip
340	340	property and facilities, including roads and related
341	341	infrastructure, for projects to be financed through the issuance of
342	342	bonds in accordance with this subchapter for the following
343	343	institutions, not to exceed the following aggregate principal
344	344	amounts for the projects specified, as follows:
345	345	(1) Texas State Technical College System, $35 million
346	346	for the Ellis County Extension Center;
347	347	(2) Texas State Technical College--Harlingen, $2.4
348	348	million for Phase II of the Engineering Technology Center
349	349	renovation;
350	350	(3) Texas State Technical College--Marshall, $1.2
351	351	million for renovation of aviation technology facilities; and
352	352	(4) Texas State Technical College--Waco, $5 million
353	353	for water system infrastructure replacement.
354	354	(b) The board may pledge irrevocably to the payment of those
355	355	bonds all or any part of the revenue funds of an institution,
356	356	branch, or entity of the Texas State Technical College System,
357	357	including student tuition charges. The amount of a pledge made
358	358	under this subsection may not be reduced or abrogated while the
359	359	bonds for which the pledge is made, or bonds issued to refund those
360	360	bonds, are outstanding.
361	361	(c) If sufficient funds are not available to the board to
362	362	meet its obligations under this section, the board may transfer
363	363	funds among institutions, branches, and entities of the Texas State
364	364	Technical College System to ensure the most equitable and efficient
365	365	allocation of available resources for each institution, branch, or
366	366	entity to carry out its duties and purposes.
367	367	SECTION 2. This Act does not affect any authority or
368	368	restriction regarding the activities that a public institution of
369	369	higher education may conduct in connection with a facility financed
370	370	by bonds authorized by this Act.
371	371	SECTION 3. (a) The amount of $175 million is appropriated
372	372	out of the general revenue fund to the comptroller of public
373	373	accounts for the state fiscal year ending August 31, 2015, for
374	374	distribution to institutions of higher education and university
375	375	systems for debt service on revenue bonds authorized by this Act.
376	376	(b) The comptroller shall distribute a portion of the amount
377	377	appropriated by Subsection (a) of this section to each institution
378	378	of higher education or university system, as applicable, in
379	379	accordance with calculations made by the Legislative Budget Board
380	380	of each institution's or system's proportionate share of the amount
381	381	appropriated based on the amount of revenue bonds authorized by
382	382	this Act for each institution or system.
383	383	(c) The Legislative Budget Board shall make the initial
384	384	calculations under this section and notify the comptroller and the
385	385	applicable institutions of higher education and university systems
386	386	of the respective shares to be distributed under this section as
387	387	soon as practicable. The Legislative Budget Board may make
388	388	adjustments to those calculations and provide a final determination
389	389	of those shares.
390	390	SECTION 4. This Act takes effect on the 91st day after the
391	391	last day of the legislative session.