Relating to authorizing the issuance of revenue bonds to fund a personalized cancer care building at The University of Texas M. D. Anderson Cancer Center.
Impact
If passed, SB252 would amend the Education Code by adding a new provision allowing the UT System to take significant steps in enhancing its facilities for personalized cancer treatment. This could lead to advancements in cancer research and patient care, potentially improving health outcomes for individuals affected by cancer, and supporting the broader healthcare system within Texas.
Summary
SB252 is a legislative proposal aimed at enhancing healthcare infrastructure by authorizing the issuance of revenue bonds specifically to finance the construction of a personalized cancer care building at The University of Texas M. D. Anderson Cancer Center. The bill empowers the UT System's board of regents to acquire, construct, and equip the necessary facilities funded by the revenue generated through these issued bonds. The proposed funding amounts to an aggregate principal sum not exceeding $70 million, which will substantially bolster the cancer care capabilities of the institution.
Contention
While the bill presents an opportunity for significant development in cancer care, there may be contention regarding the sources of funds pledged for the bond repayment. The board of regents may utilize various revenue funds, including student tuition charges, raising concerns around the financial implications for students and current funding allocations within the UT System. This aspect of the bill could provoke opposition from student and educational advocacy groups, who might argue against using student funds for construction related to healthcare facilities.
Identical
Relating to authorizing the issuance of revenue bonds to fund a personalized cancer care building at The University of Texas M. D. Anderson Cancer Center.
Relating to the creation of a new university in Nacogdoches, Texas, within The University of Texas System and the allocation of the annual constitutional appropriation to certain agencies and institutions of higher education; abolishing Stephen F. Austin State University.
Proposing a constitutional amendment reducing The University of Texas System's share of the income and other benefits of the permanent university fund, transferring to the national research university fund and general revenue fund a portion of the annual distribution made from the permanent university fund to the available university fund, appropriating the portion transferred to the national research university fund, and dedicating the portion transferred to the general revenue fund to provide for the support and maintenance of public institutions of higher education.
Relating to the creation of a new university in Nacogdoches, Texas, within The University of Texas System and the allocation of the annual constitutional appropriation to certain agencies and institutions of higher education; abolishing Stephen F. Austin State University.
Relating to the funding of projects by the Public Utility Commission of Texas to promote the reliability and resiliency of the power grid in this state; authorizing the issuance of revenue bonds.
Proposing a constitutional amendment to entitle all component institutions of The Texas A&M University System and The University of Texas System to participate in the income and other benefits of the permanent university fund.