Texas House Bill HB3251

Texas 2015 - 84th Regular

Caption

Relating to authorizing the issuance of revenue bonds for a medical education building for the Texas Tech University Health Sciences Center.

Impact

The passage of HB3251 will have a direct impact on state education funding strategies, particularly for medical education institutions. By facilitating the construction of a new building through revenue bonds, the bill aims to bolster the educational infrastructure necessary for the growth of health science programs in Texas. This could lead to increased enrollment and improved educational outcomes, aligning with the state’s goals to advance healthcare education and workforce development.

Summary

House Bill 3251 is legislation that authorizes the issuance of revenue bonds for the construction of a medical education building intended to support the Texas Tech University Health Sciences Center located in Amarillo, Texas. The bill allows the board of regents to acquire and improve properties related to this initiative, thereby enhancing educational programs provided by the institution. The total amount of bonds that can be issued under this bill is capped at $6,350,000, thus providing a significant financial resource for the proposed development.

Contention

While there appear to be no significant points of contention raised in the documents available regarding HB3251, one potential area for debate could involve the prioritization of funding for medical education in the context of other pressing educational or infrastructural needs within the state. Additionally, the ability of the board to pledge revenue from tuition charges may raise questions about the potential impact on students and their financial obligations.