Texas Senate Bill SB1262

Texas 2015 - 84th Regular

Caption

Relating to authorizing the issuance of revenue bonds to fund a health sciences and classroom building at the Pearland campus of the University of Houston--Clear Lake.

Impact

The passage of SB1262 is likely to have a significant impact on state laws concerning funding and financing for educational projects. It permits the university's board of regents to pledge revenue funds, including student tuition charges, as a means to secure the bonds issued. This legislative action supports the ongoing development of higher education infrastructure, particularly in health sciences, which is a growing field. By enabling the university to expand its facilities, the bill aims to improve education and training for students pursuing careers in healthcare, thereby addressing workforce needs in this sector.

Summary

SB1262 is a legislative bill that authorizes the issuance of revenue bonds to fund the construction of a health sciences and classroom building at the Pearland campus of the University of Houston--Clear Lake. The bill facilitates the acquisition, purchase, construction, renovation, or equipping of property and facilities necessary for this project, which is tailored to enhance educational resources and facilities dedicated to health sciences. The total amount of bonds that may be issued under this bill is capped at $34,200,000, thus establishing a financial framework for the development of this essential infrastructure.

Contention

Notable points of contention surrounding SB1262 could revolve around the allocation of state funds, the potential impact on tuition rates, and the prioritization of health sciences infrastructure over other educational needs. There may be concerns from different stakeholders regarding how the pledged revenues may affect students financially or curtail funding for other essential programs within the university system. Additionally, discussions may arise regarding the transparency of fund allocation and the efficiency of using revenue bonds as a means for financing educational infrastructure projects.