Texas 2021 - 87th 3rd C.S.

Texas House Bill HB173 Compare Versions

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

Old	New	Differences
1	1	87S30599 MM-D
2	2	By: Murphy H.B. No. 173
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to authorizing the issuance of revenue bonds to fund
8	8	capital projects at public institutions of higher education.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. Subchapter B, Chapter 55, Education Code, is
11	11	amended by adding Sections 55.1791, 55.1792, 55.1793, 55.1794,
12	12	55.1795, 55.1796, 55.1797, 55.1798, 55.1799, and 55.17991 to read
13	13	as follows:
14	14	Sec. 55.1791. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL
15	15	BONDS. (a) In addition to the other authority granted by this
16	16	subchapter, the board of regents of The Texas A&M University System
17	17	may acquire, purchase, construct, improve, renovate, enlarge, or
18	18	equip property and facilities, including roads and related
19	19	infrastructure, for projects to be financed through the issuance of
20	20	bonds in accordance with this subchapter and in accordance with a
21	21	systemwide revenue financing program adopted by the board for the
22	22	following institutions, not to exceed the following aggregate
23	23	principal amounts for the projects specified, as follows:
24	24	(1) Tarleton State University, $63 million for
25	25	construction of a College of Health Sciences and Human Services
26	26	building;
27	27	(2) Texas A&M University, $175 million for
28	28	construction of a veterinary clinical research building;
29	29	(3) Texas A&M University--Commerce, $95 million for
30	30	construction of an agricultural education and research complex;
31	31	(4) Texas A&M University at Galveston, $40.5 million
32	32	for construction of an engineering classroom and research building;
33	33	(5) Texas A&M University--Kingsville, $60 million to
34	34	address deferred maintenance;
35	35	(6) West Texas A&M University, $33,353,000 for repairs
36	36	and renovations to nine buildings to address health and safety
37	37	issues identified in the state fire marshal's report; and
38	38	(7) The Texas A&M University System Health Science
39	39	Center:
40	40	(A) $90 million for construction of the Texas
41	41	Medical Center Building 3 in Houston, Texas; and
42	42	(B) $36 million for construction of a nursing
43	43	education and research center in McAllen, Texas.
44	44	(b) The board may pledge irrevocably to the payment of bonds
45	45	authorized by this section all or any part of the revenue funds of
46	46	an institution, branch, or entity of The Texas A&M University
47	47	System, including student tuition charges. The amount of a pledge
48	48	made under this subsection may not be reduced or abrogated while the
49	49	bonds for which the pledge is made, or bonds issued to refund those
50	50	bonds, are outstanding.
51	51	(c) If sufficient funds are not available to the board to
52	52	meet its obligations under this section, the board may transfer
53	53	funds among institutions, branches, and entities of The Texas A&M
54	54	University System to ensure the most equitable and efficient
55	55	allocation of available resources for each institution, branch, or
56	56	entity to carry out its duties and purposes.
57	57	Sec. 55.1792. THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL
58	58	BONDS. (a) In addition to the other authority granted by this
59	59	subchapter, the board of regents of The University of Texas System
60	60	may acquire, purchase, construct, improve, renovate, enlarge, or
61	61	equip property and facilities, including roads and related
62	62	infrastructure, for projects to be financed through the issuance of
63	63	bonds in accordance with this subchapter and in accordance with a
64	64	systemwide revenue financing program adopted by the board for the
65	65	following institutions, not to exceed the following aggregate
66	66	principal amounts for the projects specified, as follows:
67	67	(1) The University of Texas at Arlington, $120,600,000
68	68	for renovation of the Life Science Building;
69	69	(2) The University of Texas at Austin, $90 million for
70	70	renovation of the Physics, Math, and Astronomy Building;
71	71	(3) The University of Texas at Dallas, $76.5 million
72	72	for construction of a student success center;
73	73	(4) The University of Texas Permian Basin, $63 million
74	74	for renovation of the Mesa Building and campus transformation;
75	75	(5) The University of Texas--Rio Grande Valley,
76	76	$68,400,000 for construction of a health affairs building;
77	77	(6) The University of Texas at Tyler, $68,400,000 for
78	78	construction of a sciences building;
79	79	(7) The University of Texas Health Science Center at
80	80	Houston, $90 million for construction of a public health education
81	81	and research building;
82	82	(8) The University of Texas Health Science Center at
83	83	San Antonio, $99 million for construction of the Institute for
84	84	Alzheimer's & Neurodegenerative Diseases Building;
85	85	(9) The University of Texas Health Science Center at
86	86	Tyler, $63 million for construction of a health professions
87	87	education center;
88	88	(10) The University of Texas M. D. Anderson Cancer
89	89	Center, $90 million for construction of a life sciences research,
90	90	innovation, and discovery initiative facility; and
91	91	(11) The University of Texas Southwestern Medical
92	92	Center at Dallas, $90,144,468 for construction of the north campus
93	93	Phase VI Brain Institute shell space.
94	94	(b) The board may pledge irrevocably to the payment of bonds
95	95	authorized by this section all or any part of the revenue funds of
96	96	an institution, branch, or entity of The University of Texas
97	97	System, including student tuition charges. The amount of a pledge
98	98	made under this subsection may not be reduced or abrogated while the
99	99	bonds for which the pledge is made, or bonds issued to refund those
100	100	bonds, are outstanding.
101	101	(c) If sufficient funds are not available to the board to
102	102	meet its obligations under this section, the board may transfer
103	103	funds among institutions, branches, and entities of The University
104	104	of Texas System to ensure the most equitable and efficient
105	105	allocation of available resources for each institution, branch, or
106	106	entity to carry out its duties and purposes.
107	107	Sec. 55.1793. UNIVERSITY OF HOUSTON SYSTEM; ADDITIONAL
108	108	BONDS. (a) In addition to the other authority granted by this
109	109	subchapter, the board of regents of the University of Houston
110	110	System may acquire, purchase, construct, improve, renovate,
111	111	enlarge, or equip property and facilities, including roads and
112	112	related infrastructure, for projects to be financed through the
113	113	issuance of bonds in accordance with this subchapter and in
114	114	accordance with a systemwide revenue financing program adopted by
115	115	the board for the following institutions, not to exceed the
116	116	following aggregate principal amounts for the projects specified,
117	117	as follows:
118	118	(1) the University of Houston System, $92,250,000 for
119	119	construction of the Katy Academic Building 2;
120	120	(2) the University of Houston, $39,513,206 for
121	121	renovation of the Hobby School of Public Affairs Building;
122	122	(3) the University of Houston--Victoria:
123	123	(A) $33,825,000 for construction of a health
124	124	science building; and
125	125	(B) $39,975,000 for construction of an
126	126	engineering facility; and
127	127	(4) the University of Houston--Downtown, $10 million
128	128	for the construction of the Police Department and Criminal Justice
129	129	Academy Building.
130	130	(b) The board may pledge irrevocably to the payment of bonds
131	131	authorized by this section all or any part of the revenue funds of
132	132	an institution, branch, or entity of the University of Houston
133	133	System, including student tuition charges. The amount of a pledge
134	134	made under this subsection may not be reduced or abrogated while the
135	135	bonds for which the pledge is made, or bonds issued to refund those
136	136	bonds, are outstanding.
137	137	(c) If sufficient funds are not available to the board to
138	138	meet its obligations under this section, the board may transfer
139	139	funds among institutions, branches, and entities of the University
140	140	of Houston System to ensure the most equitable and efficient
141	141	allocation of available resources for each institution, branch, or
142	142	entity to carry out its duties and purposes.
143	143	Sec. 55.1794. TEXAS STATE UNIVERSITY SYSTEM; ADDITIONAL
144	144	BONDS. (a) In addition to the other authority granted by this
145	145	subchapter, the board of regents of the Texas State University
146	146	System may acquire, purchase, construct, improve, renovate,
147	147	enlarge, or equip property and facilities, including roads and
148	148	related infrastructure, for projects to be financed through the
149	149	issuance of bonds in accordance with this subchapter and in
150	150	accordance with a systemwide revenue financing program adopted by
151	151	the board for the following institutions, not to exceed the
152	152	following aggregate principal amounts for the projects specified,
153	153	as follows:
154	154	(1) Lamar State College--Orange, $42 million for the
155	155	replacement of an academic building to house general academic
156	156	instruction and information technology services;
157	157	(2) Lamar State College--Port Arthur, $55 million for
158	158	construction of an allied health and sciences building;
159	159	(3) Lamar Institute of Technology, $48 million for
160	160	construction of a facility for workforce and allied health
161	161	programs; and
162	162	(4) Texas State University, $88 million for
163	163	construction of a health professions building located in Round
164	164	Rock, Texas.
165	165	(b) The board may pledge irrevocably to the payment of bonds
166	166	authorized by this section all or any part of the revenue funds of
167	167	an institution, branch, or entity of the Texas State University
168	168	System, including student tuition charges. The amount of a pledge
169	169	made under this subsection may not be reduced or abrogated while the
170	170	bonds for which the pledge is made, or bonds issued to refund those
171	171	bonds, are outstanding.
172	172	(c) If sufficient funds are not available to the board to
173	173	meet its obligations under this section, the board may transfer
174	174	funds among institutions, branches, and entities of the Texas State
175	175	University System to ensure the most equitable and efficient
176	176	allocation of available resources for each institution, branch, or
177	177	entity to carry out its duties and purposes.
178	178	Sec. 55.1795. UNIVERSITY OF NORTH TEXAS SYSTEM; ADDITIONAL
179	179	BONDS. (a) In addition to the other authority granted by this
180	180	subchapter, the board of regents of the University of North Texas
181	181	System may acquire, purchase, construct, improve, renovate,
182	182	enlarge, or equip property and facilities, including roads and
183	183	related infrastructure, for projects to be financed through the
184	184	issuance of bonds in accordance with this subchapter and in
185	185	accordance with a systemwide revenue financing program adopted by
186	186	the board for the following institutions, not to exceed the
187	187	following aggregate principal amounts for the projects specified,
188	188	as follows:
189	189	(1) the University of North Texas:
190	190	(A) $126 million for construction of a science
191	191	and technology research building; and
192	192	(B) $85 million for construction of a commerce,
193	193	analytics, technology, and engineering building in Frisco, Texas;
194	194	(2) the University of North Texas at Dallas, $163
195	195	million for construction of a science building; and
196	196	(3) the University of North Texas Health Science
197	197	Center at Fort Worth, $42 million for renovation of four buildings.
198	198	(b) The board may pledge irrevocably to the payment of bonds
199	199	authorized by this section all or any part of the revenue funds of
200	200	an institution, branch, or entity of the University of North Texas
201	201	System, including student tuition charges. The amount of a pledge
202	202	made under this subsection may not be reduced or abrogated while the
203	203	bonds for which the pledge is made, or bonds issued to refund those
204	204	bonds, are outstanding.
205	205	(c) If sufficient funds are not available to the board to
206	206	meet its obligations under this section, the board may transfer
207	207	funds among institutions, branches, and entities of the University
208	208	of North Texas System to ensure the most equitable and efficient
209	209	allocation of available resources for each institution, branch, or
210	210	entity to carry out its duties and purposes.
211	211	Sec. 55.1796. TEXAS WOMAN'S UNIVERSITY; ADDITIONAL BONDS.
212	212	(a) In addition to the other authority granted by this subchapter,
213	213	the board of regents of Texas Woman's University may acquire,
214	214	purchase, construct, improve, renovate, enlarge, or equip property
215	215	and facilities, including roads and related infrastructure, for a
216	216	health sciences center, to be financed through the issuance of
217	217	bonds in accordance with this subchapter, not to exceed the
218	218	aggregate principal amount of $108 million.
219	219	(b) The board may pledge irrevocably to the payment of bonds
220	220	authorized by this section all or any part of the revenue funds of
221	221	Texas Woman's University, including student tuition charges. The
222	222	amount of a pledge made under this subsection may not be reduced or
223	223	abrogated while the bonds for which the pledge is made, or bonds
224	224	issued to refund those bonds, are outstanding.
225	225	Sec. 55.1797. STEPHEN F. AUSTIN STATE UNIVERSITY;
226	226	ADDITIONAL BONDS. (a) In addition to the other authority granted
227	227	by this subchapter, the board of regents of Stephen F. Austin State
228	228	University may acquire, purchase, construct, improve, renovate,
229	229	enlarge, or equip property and facilities, including roads and
230	230	related infrastructure, for demolition of the Miller Science
231	231	Building, renovation of the Forestry Building, and construction of
232	232	a new addition, to be financed through the issuance of bonds in
233	233	accordance with this subchapter, not to exceed the aggregate
234	234	principal amount of $53 million.
235	235	(b) The board may pledge irrevocably to the payment of bonds
236	236	authorized by this section all or any part of the revenue funds of
237	237	Stephen F. Austin State University, including student tuition
238	238	charges. The amount of a pledge made under this subsection may not
239	239	be reduced or abrogated while the bonds for which the pledge is
240	240	made, or bonds issued to refund those bonds, are outstanding.
241	241	Sec. 55.1798. TEXAS TECH UNIVERSITY SYSTEM; ADDITIONAL
242	242	BONDS. (a) In addition to the other authority granted by this
243	243	subchapter, the board of regents of the Texas Tech University
244	244	System may acquire, purchase, construct, improve, renovate,
245	245	enlarge, or equip property and facilities, including roads and
246	246	related infrastructure, for projects to be financed through the
247	247	issuance of bonds in accordance with this subchapter and in
248	248	accordance with a systemwide revenue financing program adopted by
249	249	the board for the following institutions, not to exceed the
250	250	following aggregate principal amounts for the projects specified,
251	251	as follows:
252	252	(1) Texas Tech University, $72 million for renovations
253	253	and maintenance for campus buildings;
254	254	(2) Midwestern State University, $41 million for
255	255	renovation of an existing building;
256	256	(3) Texas Tech University Health Sciences Center, $90
257	257	million for maintenance and renovation of an existing facility; and
258	258	(4) Texas Tech University Health Sciences Center at El
259	259	Paso, $163,080,000 for construction of a dental school building.
260	260	(b) The board may pledge irrevocably to the payment of bonds
261	261	authorized by this section all or any part of the revenue funds of
262	262	an institution, branch, or entity of the Texas Tech University
263	263	System, including student tuition charges. The amount of a pledge
264	264	made under this subsection may not be reduced or abrogated while the
265	265	bonds for which the pledge is made, or bonds issued to refund those
266	266	bonds, are outstanding.
267	267	(c) If sufficient funds are not available to the board to
268	268	meet its obligations under this section, the board may transfer
269	269	funds among institutions, branches, and entities of the Texas Tech
270	270	University System to ensure the most equitable and efficient
271	271	allocation of available resources for each institution, branch, or
272	272	entity to carry out its duties and purposes.
273	273	Sec. 55.1799. TEXAS SOUTHERN UNIVERSITY; ADDITIONAL BONDS.
274	274	(a) In addition to the other authority granted by this subchapter,
275	275	the board of regents of Texas Southern University may acquire,
276	276	purchase, construct, improve, renovate, enlarge, or equip property
277	277	and facilities, including roads and related infrastructure, for
278	278	projects to be financed through the issuance of bonds in accordance
279	279	with this subchapter, not to exceed the following aggregate
280	280	principal amounts for the projects specified, as follows:
281	281	(1) $22,800,000 for renovation of an existing research
282	282	labs building; and
283	283	(2) $59 million for construction of a student housing
284	284	and multipurpose conference center.
285	285	(b) The board may pledge irrevocably to the payment of bonds
286	286	authorized by this section all or any part of the revenue funds of
287	287	Texas Southern University, including student tuition charges. The
288	288	amount of a pledge made under this subsection may not be reduced or
289	289	abrogated while the bonds for which the pledge is made, or bonds
290	290	issued to refund those bonds, are outstanding.
291	291	Sec. 55.17991. TEXAS STATE TECHNICAL COLLEGE SYSTEM. (a)
292	292	In addition to the other authority granted by this subchapter, the
293	293	board of regents of the Texas State Technical College System may
294	294	acquire, purchase, construct, improve, renovate, enlarge, or equip
295	295	property and facilities, including roads and related
296	296	infrastructure, for projects to be financed through the issuance of
297	297	bonds in accordance with this subchapter for the following entity
298	298	and institutions, not to exceed the following aggregate principal
299	299	amounts for the projects specified, as follows:
300	300	(1) Texas State Technical College System, $33,300,000
301	301	for the East Williamson County Higher Education Center expansion;
302	302	(2) Texas State Technical College--Fort Bend,
303	303	$41,800,000 for Fort Bend County campus expansion; and
304	304	(3) Texas State Technical College--Harlingen,
305	305	$37,800,000 for Harlingen campus expansion.
306	306	(b) The board may pledge irrevocably to the payment of bonds
307	307	authorized by this section all or any part of the revenue funds of
308	308	an institution, branch, or entity of the Texas State Technical
309	309	College System, including student tuition charges. The amount of a
310	310	pledge made under this subsection may not be reduced or abrogated
311	311	while the bonds for which the pledge is made, or bonds issued to
312	312	refund those bonds, are outstanding.
313	313	(c) If sufficient funds are not available to the board to
314	314	meet its obligations under this section, the board may transfer
315	315	funds among institutions, branches, and entities of the Texas State
316	316	Technical College System to ensure the most equitable and efficient
317	317	allocation of available resources for each institution, branch, or
318	318	entity to carry out its duties and purposes.
319	319	SECTION 2. This Act does not affect any authority or
320	320	restriction regarding the activities that a public institution of
321	321	higher education may conduct in connection with a facility financed
322	322	by bonds authorized by this Act.
323	323	SECTION 3. This Act takes effect on the 91st day after the
324	324	last day of the legislative session.