84R1305 KSD-D
By: Murphy H.B. No. 1103
A BILL TO BE ENTITLED
AN ACT
relating to space utilization and online enrollment requirements
for the issuance of revenue bonds by certain public institutions of
higher education.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 55.13, Education Code, is amended by
adding Subsections (d), (e), and (f) to read as follows:
(d) Notwithstanding any other provision of this chapter or
other law, the board of a general academic teaching institution
other than a public state college, or the Texas Public Finance
Authority on behalf of that institution, if applicable, may not
under this chapter issue bonds payable from revenue funds of the
institution unless the institution has satisfied the standards
prescribed by the Texas Higher Education Coordinating Board for:
(1) space utilization in educational and general
buildings and facilities at the institution; and
(2) the percentage of students enrolled in the
institution who enroll in online courses offered by the
institution.
(e) The Texas Higher Education Coordinating Board may adopt
rules for the administration of Subsection (d).
(f) In this section, "educational and general buildings and
facilities," "general academic teaching institution," and "public
state college" have the meanings assigned by Section 61.003.
SECTION 2. The change in law made by this Act does not
affect the validity of any bonds the issuance of which was
authorized before the effective date of this Act.
SECTION 3. This Act takes effect September 1, 2015.