Texas 2015 - 84th Regular

Texas House Bill HJR115 Compare Versions

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

Old	New	Differences
1	1	84R7655 KJE-D
2	2	By: Turner of Harris H.J.R. No. 115
3	3
4	4
5	5	A JOINT RESOLUTION
6	6	proposing a constitutional amendment to entitle the University of
7	7	Houston to participate in the income and other benefits of the
8	8	permanent university fund.
9	9	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. Section 18, Article VII, Texas Constitution, is
11	11	amended by amending Subsections (b) and (f) and adding Subsections
12	12	(b-1), (b-2), and (f-1) to read as follows:
13	13	(b) The Board of Regents of The University of Texas System
14	14	may issue bonds and notes not to exceed a total amount of 10 [20]
15	15	percent of the cost value of investments and other assets of the
16	16	permanent university fund (exclusive of real estate) at the time of
17	17	issuance thereof, and may pledge all or any part of its one-third
18	18	[two-thirds] interest in the available university fund to secure
19	19	the payment of the principal and interest of those bonds and notes,
20	20	for the purpose of acquiring land either with or without permanent
21	21	improvements, constructing and equipping buildings or other
22	22	permanent improvements, major repair and rehabilitation of
23	23	buildings and other permanent improvements, acquiring capital
24	24	equipment and library books and library materials, and refunding
25	25	bonds or notes issued under this section or prior law, at or for The
26	26	University of Texas System administration and the following
27	27	component institutions of the system:
28	28	(1) The University of Texas at Arlington;
29	29	(2) The University of Texas at Austin;
30	30	(3) The University of Texas at Dallas;
31	31	(4) The University of Texas at El Paso;
32	32	(5) The University of Texas of the Permian Basin;
33	33	(6) The University of Texas at San Antonio;
34	34	(7) The University of Texas at Tyler;
35	35	(8) The University of Texas Southwestern Medical
36	36	[Health Science] Center [at Dallas];
37	37	(9) The University of Texas Medical Branch at
38	38	Galveston;
39	39	(10) The University of Texas Health Science Center at
40	40	Houston;
41	41	(11) The University of Texas Health Science Center at
42	42	San Antonio;
43	43	(12) The University of Texas M. D. Anderson [System]
44	44	Cancer Center;
45	45	(13) The University of Texas Health Northeast [Center
46	46	at Tyler]; and
47	47	(14) The University of Texas Institute of Texan
48	48	Cultures at San Antonio.
49	49	(b-1) The University of Houston may issue bonds and notes
50	50	not to exceed a total amount of 10 percent of the cost value of the
51	51	investments and other assets of the permanent university fund
52	52	(exclusive of real estate) at the time of the issuance thereof, and
53	53	may pledge all or any part of its one-third interest in the
54	54	available university fund to secure the payment of the principal
55	55	and interest of those bonds and notes, for the purpose of acquiring
56	56	land either with or without permanent improvements, constructing
57	57	and equipping buildings or other permanent improvements, major
58	58	repair and rehabilitation of buildings and other permanent
59	59	improvements, acquiring capital equipment and library books and
60	60	library materials, and refunding bonds or notes issued under this
61	61	section or prior law, at or for the University of Houston.
62	62	(b-2) In applying a portion of its one-third interest in the
63	63	available university fund to the payment of the principal of and
64	64	interest on bonds and notes issued under Subsection (b-1) of this
65	65	section for the benefit of the University of Houston, the Board of
66	66	Regents of the University of Houston System shall include
67	67	sufficient funds to pay the principal of and interest on all bonds
68	68	and notes, including refunding bonds and notes, previously issued
69	69	for the benefit of the University of Houston under Section 17(b) of
70	70	this article.
71	71	(f) Out of one-third of the annual distribution from the
72	72	permanent university fund to the available university fund, there
73	73	shall be appropriated an annual sum sufficient to pay the principal
74	74	and interest due on the bonds and notes issued by the Board of
75	75	Regents of The Texas A&M University System under this section and
76	76	prior law, and the remainder of that one-third of the annual
77	77	distribution to the available university fund shall be appropriated
78	78	to the Board of Regents of The Texas A&M University System which
79	79	shall have the authority and duty in turn to appropriate an
80	80	equitable portion of the same for the support and maintenance of The
81	81	Texas A&M University System administration, Texas A&M University,
82	82	and Prairie View A&M University. The Board of Regents of The Texas
83	83	A&M University System, in making just and equitable appropriations
84	84	to Texas A&M University and Prairie View A&M University, shall
85	85	exercise its discretion with due regard to such criteria as the
86	86	board may deem appropriate from year to year. Out of one-third [the
87	87	other two-thirds] of the annual distribution from the permanent
88	88	university fund to the available university fund there shall be
89	89	appropriated an annual sum sufficient to pay the principal and
90	90	interest due on the bonds and notes issued by the Board of Regents
91	91	of The University of Texas System under this section and prior law,
92	92	and the remainder of that one-third [such two-thirds] of the annual
93	93	distribution to the available university fund, shall be
94	94	appropriated for the support and maintenance of The University of
95	95	Texas at Austin and The University of Texas System administration.
96	96	Out of one-third of the annual distribution from the permanent
97	97	university fund to the available university fund, there shall be
98	98	appropriated an annual sum sufficient to pay the principal and
99	99	interest due on the bonds and notes issued by the University of
100	100	Houston under this section, and the remainder of that one-third of
101	101	the annual distribution to the available university fund shall be
102	102	appropriated for the support and maintenance of the University of
103	103	Houston.
104	104	(f-1) Notwithstanding Subsection (f) of this section, the
105	105	amount of the annual distribution from the permanent university
106	106	fund to The University of Texas System under that subsection may not
107	107	be less than the amount necessary to pay the principal and interest
108	108	due on bonds and notes issued under Subsection (b) of this section
109	109	by the Board of Regents of The University of Texas System before
110	110	September 1, 2015, not to exceed two-thirds of the annual
111	111	distribution from the permanent university fund, and the amount of
112	112	the annual distribution from the permanent university fund to the
113	113	University of Houston shall be adjusted accordingly.
114	114	SECTION 2. Section 17(b), Article VII, Texas Constitution,
115	115	is amended to read as follows:
116	116	(b) The funds appropriated under Subsection (a) of this
117	117	section shall be for the use of the following eligible agencies and
118	118	institutions of higher education (even though their names may be
119	119	changed):
120	120	(1) East Texas State University including East Texas
121	121	State University at Texarkana;
122	122	(2) Lamar University including Lamar University at
123	123	Orange and Lamar University at Port Arthur;
124	124	(3) Midwestern State University;
125	125	(4) University of North Texas;
126	126	(5) The University of Texas-Pan American including The
127	127	University of Texas at Brownsville;
128	128	(6) Stephen F. Austin State University;
129	129	(7) Texas College of Osteopathic Medicine;
130	130	(8) Texas State University System Administration and
131	131	the following component institutions:
132	132	(9) Sam Houston State University;
133	133	(10) Southwest Texas State University;
134	134	(11) Sul Ross State University including Uvalde Study
135	135	Center;
136	136	(12) Texas Southern University;
137	137	(13) Texas Tech University;
138	138	(14) Texas Tech University Health Sciences Center;
139	139	(15) Angelo State University;
140	140	(16) Texas Woman's University;
141	141	(17) University of Houston System Administration and
142	142	the following component institutions:
143	143	(18) [University of Houston;
144	144	[(19)] University of Houston-Victoria;
145	145	(19) [(20)] University of Houston-Clear Lake;
146	146	(20) [(21)] University of Houston-Downtown;
147	147	(21) [(22)] Texas A&M University-Corpus Christi;
148	148	(22) [(23)] Texas A&M International University;
149	149	(23) [(24)] Texas A&M University-Kingsville;
150	150	(24) [(25)] West Texas A&M University; and
151	151	(25) [(26)] Texas State Technical College System and
152	152	its campuses, but not its extension centers or programs.
153	153	SECTION 3. Article VII, Texas Constitution, is amended by
154	154	adding Section 17A to read as follows:
155	155	Sec. 17A. TEMPORARY PROVISION. (a) The transfer of the
156	156	University of Houston from Section 17 of this article to Section 18
157	157	of this article by the constitutional amendment proposed by the
158	158	84th Legislature, Regular Session, 2015, applies beginning with the
159	159	state fiscal year that begins September 1, 2016.
160	160	(b) Beginning with the state fiscal year that begins
161	161	September 1, 2016, the funds allocated as provided by Section 17(d)
162	162	of this article to the University of Houston shall be allocated to
163	163	the other agencies and institutions eligible to receive funds under
164	164	Section 17 of this article in proportion to the other funds
165	165	allocated to those agencies and institutions as provided by Section
166	166	17(d) of this article, until the legislature or designated agency
167	167	eliminates the University of Houston from the formula and
168	168	allocations made under Section 17(d) of this article.
169	169	(c) This section expires September 1, 2023.
170	170	SECTION 4. This proposed constitutional amendment shall be
171	171	submitted to the voters at an election to be held November 3, 2015.
172	172	The ballot shall be printed to permit voting for or against the
173	173	proposition: "The constitutional amendment to entitle the
174	174	University of Houston to participate in the income and other
175	175	benefits of the permanent university fund."