By: Creighton S.B. No. 1701
A BILL TO BE ENTITLED
AN ACT
relating to the allocation of certain appropriated funds to public
institutions of higher education in this state.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 55, Education Code, is
amended by adding Section 55.111 to read as follows:
Sec. 55.111. CERTAIN ALLOCATED FUNDS TO BE DESIGNATED AS
CAPITAL IMPROVEMENT DEBT ASSISTANCE. For purposes of this
subchapter, funds allocated from the appropriation of general
revenue to an institution of higher education to supplement revenue
funds of the institution described by Section 55.13(a) may be
designated as "Capital Improvement Debt Assistance."
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2021.