Relating to authorizing the issuance of revenue bonds to fund an interprofessional health education center at The University of Texas Medical Branch at Galveston.
Impact
The bill is set to amend Subchapter B of Chapter 55 of the Texas Education Code, granting the board of regents of The University of Texas System expanded authority to manage financial resources effectively. This authorization allows the board to use various revenue sources, including student tuition charges, to secure the bonds necessary for funding the project. The funds may also be utilized for renovations of existing structures, thereby impacting both the construction and improvement of health education facilities.
Summary
House Bill 1689 authorized the issuance of revenue bonds totaling up to $67.8 million to fund the construction of an interprofessional health education center at The University of Texas Medical Branch at Galveston. This financial mechanism is intended to provide necessary funding for the establishment of health education infrastructure that will enhance interprofessional training among health care professionals.
Contention
Notably, the bill's potential impacts on funding allocation could raise concerns among other institutions within the University of Texas System, as the board may reallocate funds among institutions if needed. This provision suggests a prioritization of resources towards health education projects that could face opposition from stakeholders at other campuses who might seek similar enhancements for their facilities. Additionally, the framing of the bill makes it clear that it aims for immediate effect, which hints at urgency from the legislature to advance health education initiatives promptly.
Identical
Relating to authorizing the issuance of revenue bonds to fund an interprofessional health education center at The University of Texas Medical Branch at Galveston.
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.
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.
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.
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.