Texas 2015 - 84th Regular

Texas House Bill HB3492 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	84R4888 KEL-D
2	2	By: Muñoz, Jr. H.B. No. 3492
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to a permanent endowment to support the construction,
8	8	acquisition, improvement, and equipping of buildings, facilities,
9	9	and other improvements at public junior colleges.
10	10	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
11	11	SECTION 1. Chapter 62, Education Code, is amended by adding
12	12	Subchapter H to read as follows:
13	13	SUBCHAPTER H. DISTRIBUTIONS FROM
14	14	PERMANENT PUBLIC COMMUNITY COLLEGE FUND
15	15	Sec. 62.161. PURPOSE. The purpose of this subchapter is to
16	16	provide for an equitable allocation of the funds available under
17	17	Section 21, Article VII, Texas Constitution, to support the
18	18	construction, acquisition, improvement, and equipping of
19	19	buildings, facilities, and other improvements at public junior
20	20	colleges.
21	21	Sec. 62.162. DEFINITIONS. In this subchapter:
22	22	(1) "Eligible institution" means a junior college
23	23	district.
24	24	(2) "Fund" means the permanent public community
25	25	college fund.
26	26	Sec. 62.163. ALLOCATIONS. (a) Beginning with the first
27	27	state fiscal year for which the comptroller certifies that, based
28	28	on the assets in the fund, there is sufficient purchasing power in
29	29	the fund to allocate money for the purposes of this subchapter, an
30	30	eligible institution is entitled to receive an amount allocated in
31	31	accordance with this subchapter from the amounts distributed for
32	32	that year from the permanent public community college fund created
33	33	by Section 21, Article VII, Texas Constitution.
34	34	(b) The comptroller shall distribute amounts allocated
35	35	under this subchapter only on presentation of a claim and issuance
36	36	of a warrant in accordance with Section 403.071, Government Code.
37	37	An eligible institution may not present a claim to be paid from any
38	38	amount allocated under this subchapter before the delivery of goods
39	39	or services, except for the payment of principal or interest on
40	40	bonds or notes or for a payment for a book or other published
41	41	library material as authorized by Section 2155.386, Government
42	42	Code.
43	43	(c) In each state fiscal year, the comptroller shall
44	44	distribute to eligible institutions the total amount appropriated
45	45	from the fund for that fiscal year. The amount shall be allocated
46	46	to the eligible institutions based on an equitable formula adopted
47	47	by the legislature to carry out the purposes of the fund as
48	48	established by Section 21, Article VII, Texas Constitution. The
49	49	coordinating board may make recommendations regarding the
50	50	equitable formula and may provide assistance regarding the formula
51	51	as directed by the legislature.
52	52	Sec. 62.164. USE OF ALLOCATED AMOUNTS. (a) An eligible
53	53	institution may use money received under this subchapter only for
54	54	the purposes prescribed by Section 21, Article VII, Texas
55	55	Constitution.
56	56	(b) Money received in a fiscal year by an eligible
57	57	institution under this subchapter that is not used in that fiscal
58	58	year by the institution may be held and used by the institution in
59	59	subsequent fiscal years for the purposes prescribed by this
60	60	subchapter.
61	61	SECTION 2. This Act takes effect January 1, 2016, but only
62	62	if the constitutional amendment proposed by the 84th Legislature,
63	63	Regular Session, 2015, to support the construction, acquisition,
64	64	improvement, and equipping of buildings, facilities, and other
65	65	improvements at public junior and community colleges is approved by
66	66	the voters. If that constitutional amendment is not approved by the
67	67	voters, this Act has no effect.