Texas Senate Bill SB163

Texas 2015 - 84th Regular

• Filed: 11/10/14

Caption

Relating to authorizing the issuance of revenue bonds to fund an interdisciplinary research facility at The University of Texas at El Paso.

Impact

If enacted, SB163 would have significant implications for state laws regarding how public institutions of higher education can finance new projects. It allows for greater financial flexibility by authorizing the issuance of bonds secured against the revenue generated by the institution, including student tuition. This measure reflects a proactive approach to enhancing infrastructure to support academic research and innovation, positioning Texas as a leader in higher education funding.

Summary

Senate Bill 163, titled 'Relating to authorizing the issuance of revenue bonds to fund an interdisciplinary research facility at The University of Texas at El Paso,' focuses on funding infrastructure projects within the higher education sector. This bill enables the Board of Regents of The University of Texas System to issue revenue bonds, with a limit of up to $110 million, specifically allocated for acquiring, constructing, improving, and equipping an interdisciplinary research facility. This investment aims to strengthen educational and research capabilities at UT El Paso.

Contention

The bill's provisions raise important considerations regarding the allocation of public resources and prioritization of educational facilities. Although the act fulfills an essential need for funding, potential critics may express concerns over the reliance on student tuition as a revenue source for bond repayment. There may be discussions around equity in funding across institutions within the UT System and ensuring that the financial burdens do not disproportionately affect students.