Bill Text: TX HB10 | 2013 | 83rd Legislature 1st Special Session | Introduced

Texas House Bill 10 (Prior Session Legislation)

Introduced

Bill Title: Relating to authorizing the issuance of revenue bonds to fund capital projects at public institutions of higher education.

Spectrum: Slight Partisan Bill (Republican 4-2)

Status: (Introduced - Dead) 2013-05-29 - Filed [HB10 Detail]

Download: Texas-2013-HB10-Introduced.html

	83S10097 JRJ-F

	By: Branch	H.B. No. 10



	A BILL TO BE ENTITLED
	AN ACT
	relating to authorizing the issuance of revenue bonds to fund
	capital projects at public institutions of higher education.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Subchapter B, Chapter 55, Education Code, is
	amended by adding Sections 55.1781, 55.1782, 55.1783, 55.1784,
	55.1785, 55.1786, 55.1787, 55.1788, 55.1789, 55.17891, and
	55.17892 to read as follows:
	Sec. 55.1781. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL
	BONDS. (a) In addition to the other authority granted by this
	subchapter, the board of regents of The Texas A&M University System
	may acquire, purchase, construct, improve, renovate, enlarge, or
	equip property and facilities, including roads and related
	infrastructure, for projects to be financed through the issuance of
	bonds in accordance with this subchapter and in accordance with a
	systemwide revenue financing program adopted by the board for the
	following institutions, not to exceed the following aggregate
	principal amounts for the projects specified, as follows:
	(1) Texas A&M University--Commerce, $40 million for a
	library and technology center;
	(2) Texas A&M University--Corpus Christi, $60 million
	for a life sciences research building;
	(3) Texas A&M University--Kingsville, $33.6 million
	for music building expansion and renovation of Jones Auditorium;
	(4) Texas A&M University--Texarkana, $36.8 million
	for an academic and laboratory learning center;
	(5) West Texas A&M University, $12 million for the
	Amarillo Center;
	(6) The Texas A&M University System Health Science
	Center:
	(A) $7.2 million for facilities in Round Rock,
	Texas;
	(B) $36 million for a research building in
	Temple, Texas; and
	(C) $64 million for an education center and
	research building in Dallas, Texas;
	(7) Texas A&M International University, $41.6 million
	for library renovation, additional instructional spaces, and a
	support services building;
	(8) Prairie View A&M University, $12.8 million for
	critical deferred maintenance;
	(9) Tarleton State University:
	(A) $52 million for the Gates Agriculture and
	Business Building; and
	(B) $12 million for the Midlothian Higher
	Education Center;
	(10) Texas A&M University, $88 million for a
	biocontainment research facility and construction of a music
	facility;
	(11) Texas A&M University at Galveston, $36.8 million
	for an academic building;
	(12) Texas A&M University--Central Texas, $45 million
	for a science, health science, and wellness building; and
	(13) Texas A&M University--San Antonio, $63 million
	for a science and technology building.
	(b) The board may pledge irrevocably to the payment of bonds
	authorized by this section all or any part of the revenue funds of
	an institution, branch, or entity of The Texas A&M University
	System, including student tuition charges. The amount of a pledge
	made under this subsection may not be reduced or abrogated while the
	bonds for which the pledge is made, or bonds issued to refund those
	bonds, are outstanding.
	(c) If sufficient funds are not available to the board to
	meet its obligations under this section, the board may transfer
	funds among institutions, branches, and entities of The Texas A&M
	University System to ensure the most equitable and efficient
	allocation of available resources for each institution, branch, or
	entity to carry out its duties and purposes.
	Sec. 55.1782. THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL
	BONDS. (a) In addition to the other authority granted by this
	subchapter, the board of regents of The University of Texas System
	may acquire, purchase, construct, improve, renovate, enlarge, or
	equip property and facilities, including roads and related
	infrastructure, for projects to be financed through the issuance of
	bonds in accordance with this subchapter and in accordance with a
	systemwide revenue financing program adopted by the board for the
	following institutions, not to exceed the following aggregate
	principal amounts for the projects specified, as follows:
	(1) The University of Texas at Austin, $95 million for
	an engineering education and research center;
	(2) The University of Texas at Brownsville or its
	successor university, $100 million for a new campus in Brownsville;
	(3) The University of Texas--Pan American, $78.4
	million for Science Building II;
	(4) The University of Texas Southwestern Medical
	Center at Dallas, $60 million for north campus Phase VI vivarium and
	research facilities;
	(5) The University of Texas Health Science Center at
	San Antonio, $11.2 million for a South Texas diabetes institute and
	for an enhanced performance laboratory of the Barshop Institute for
	Longevity and Aging Studies;
	(6) The University of Texas M. D. Anderson Cancer
	Center, $50 million for a personalized cancer care building;
	(7) The University of Texas Medical Branch at
	Galveston, $40 million for a health education center;
	(8) The University of Texas at Arlington, $64.3
	million for renovation of and addition to a life science building;
	(9) The University of Texas at Dallas, $76 million for
	an engineering building;
	(10) The University of Texas at El Paso, $88 million
	for an interdisciplinary research facility;
	(11) The University of Texas at San Antonio, $74.2
	million for an experimental science instructional building;
	(12) The University of Texas at Tyler, $38.8 million
	for a STEM and business complex and renovation of the business
	building;
	(13) The University of Texas Health Science Center at
	Houston, $100 million for the renovation and modernization of
	educational and research facilities;
	(14) The University of Texas Health Science Center at
	Tyler, $4,804,000 for the Riter Center Primary Care Training Center
	renovation; and
	(15) The University of Texas of the Permian Basin, $48
	million for an engineering building.
	(b) The board may pledge irrevocably to the payment of bonds
	authorized by this section all or any part of the revenue funds of
	an institution, branch, or entity of The University of Texas
	System, including student tuition charges. The amount of a pledge
	made under this subsection may not be reduced or abrogated while the
	bonds for which the pledge is made, or bonds issued to refund those
	bonds, are outstanding.
	(c) If sufficient funds are not available to the board to
	meet its obligations under this section, the board may transfer
	funds among institutions, branches, and entities of The University
	of Texas System to ensure the most equitable and efficient
	allocation of available resources for each institution, branch, or
	entity to carry out its duties and purposes.
	(d) The bonds for the project specified by Subsection (a)(2)
	may be issued only if the 83rd Legislature enacts legislation that
	becomes law creating or authorizing creation of a new component
	university of The University of Texas System that incorporates the
	facilities and programs of The University of Texas at Brownsville.
	Sec. 55.1783. UNIVERSITY OF HOUSTON SYSTEM; ADDITIONAL
	BONDS. (a) In addition to the other authority granted by this
	subchapter, the board of regents of the University of Houston
	System may acquire, purchase, construct, improve, renovate,
	enlarge, or equip property and facilities, including roads and
	related infrastructure, for projects to be financed through the
	issuance of bonds in accordance with this subchapter and in
	accordance with a systemwide revenue financing program adopted by
	the board for the following institutions, not to exceed the
	following aggregate principal amounts for the projects specified,
	as follows:
	(1) the University of Houston, $70 million for a
	pharmacy and biomedical sciences building;
	(2) the University of Houston--Clear Lake, $67.2
	million for a science and academic support building;
	(3) the University of Houston--Downtown, $37.2
	million for a science and technology building; and
	(4) the University of Houston--Victoria, $78,356,800
	for campus expansion.
	(b) The board may pledge irrevocably to the payment of bonds
	authorized by this section all or any part of the revenue funds of
	an institution, branch, or entity of the University of Houston
	System, including student tuition charges. The amount of a pledge
	made under this subsection may not be reduced or abrogated while the
	bonds for which the pledge is made, or bonds issued to refund those
	bonds, are outstanding.
	(c) If sufficient funds are not available to the board to
	meet its obligations under this section, the board may transfer
	funds among institutions, branches, and entities of the University
	of Houston System to ensure the most equitable and efficient
	allocation of available resources for each institution, branch, or
	entity to carry out its duties and purposes.
	Sec. 55.1784. TEXAS STATE UNIVERSITY SYSTEM; ADDITIONAL
	BONDS. (a) In addition to the other authority granted by this
	subchapter, the board of regents of the Texas State University
	System may acquire, purchase, construct, improve, renovate,
	enlarge, or equip property and facilities, including roads and
	related infrastructure, for projects to be financed through the
	issuance of bonds in accordance with this subchapter and in
	accordance with a systemwide revenue financing program adopted by
	the board for the following institutions, not to exceed the
	following aggregate principal amounts for the projects specified,
	as follows:
	(1) Lamar University, $32 million for a science
	building;
	(2) Lamar State College--Orange, $14,222,400 for a
	multipurpose education building;
	(3) Lamar State College--Port Arthur, $2,180,000 for
	an addition to the allied health building;
	(4) Lamar Institute of Technology, $12 million for
	renovation and replacement of the technical arts buildings;
	(5) Texas State University--San Marcos:
	(A) $44.8 million for a medical education and
	research building in Round Rock, Texas; and
	(B) $73,265,729 for an engineering and science
	building;
	(6) Sam Houston State University, $31,720,000 for a
	biology, nursing, and allied health building; and
	(7) Sul Ross State University, $3.4 million for
	renovation and modernization of educational and related facilities
	and infrastructure.
	(b) The board may pledge irrevocably to the payment of bonds
	authorized by this section all or any part of the revenue funds of
	an institution, branch, or entity of the Texas State University
	System, including student tuition charges. The amount of a pledge
	made under this subsection may not be reduced or abrogated while the
	bonds for which the pledge is made, or bonds issued to refund those
	bonds, are outstanding.
	(c) If sufficient funds are not available to the board to
	meet its obligations under this section, the board may transfer
	funds among institutions, branches, and entities of the Texas State
	University System to ensure the most equitable and efficient
	allocation of available resources for each institution, branch, or
	entity to carry out its duties and purposes.
	Sec. 55.1785. UNIVERSITY OF NORTH TEXAS SYSTEM; ADDITIONAL
	BONDS. (a) In addition to the other authority granted by this
	subchapter, the board of regents of the University of North Texas
	System may acquire, purchase, construct, improve, renovate,
	enlarge, or equip property and facilities, including roads and
	related infrastructure, for projects to be financed through the
	issuance of bonds in accordance with this subchapter and in
	accordance with a systemwide revenue financing program adopted by
	the board for the following institutions, not to exceed the
	following aggregate principal amounts for the projects specified,
	as follows:
	(1) the University of North Texas System, $56 million
	for college of law building renovations;
	(2) the University of North Texas, $73.6 million for a
	college of visual arts and design facility;
	(3) the University of North Texas at Dallas, $63
	million for a library and student success center; and
	(4) the University of North Texas Health Science
	Center at Fort Worth, $66,600,000 for an interdisciplinary research
	building.
	(b) The board may pledge irrevocably to the payment of bonds
	authorized by this section all or any part of the revenue funds of
	an institution, branch, or entity of the University of North Texas
	System, including student tuition charges. The amount of a pledge
	made under this subsection may not be reduced or abrogated while the
	bonds for which the pledge is made, or bonds issued to refund those
	bonds, are outstanding.
	(c) If sufficient funds are not available to the board to
	meet its obligations under this section, the board may transfer
	funds among institutions, branches, and entities of the University
	of North Texas System to ensure the most equitable and efficient
	allocation of available resources for each institution, branch, or
	entity to carry out its duties and purposes.
	Sec. 55.1786. TEXAS WOMAN'S UNIVERSITY. (a) In addition to
	the other authority granted by this subchapter, the board of
	regents of Texas Woman's University may acquire, purchase,
	construct, improve, renovate, enlarge, or equip property and
	facilities, including roads and related infrastructure, for a
	science and technology learning center, to be financed through the
	issuance of bonds in accordance with this subchapter, not to exceed
	the aggregate principal amount of $37,996,928.
	(b) The board may pledge irrevocably to the payment of bonds
	authorized by this section all or any part of the revenue funds of
	Texas Woman's University, including student tuition charges. The
	amount of a pledge made under this subsection may not be reduced or
	abrogated while the bonds for which the pledge is made, or bonds
	issued to refund those bonds, are outstanding.
	Sec. 55.1787. MIDWESTERN STATE UNIVERSITY; ADDITIONAL
	BONDS. (a) In addition to the other authority granted by this
	subchapter, the board of regents of Midwestern State University may
	acquire, purchase, construct, improve, renovate, enlarge, or equip
	property and facilities, including roads and related
	infrastructure, for library, College of Education, and information
	technology facilities at Midwestern State University, to be
	financed through the issuance of bonds in accordance with this
	subchapter, not to exceed the aggregate principal amount of
	$23,992,000.
	(b) The board may pledge irrevocably to the payment of bonds
	authorized by this section all or any part of the revenue funds of
	Midwestern State University, including student tuition charges.
	The amount of a pledge made under this subsection may not be reduced
	or abrogated while the bonds for which the pledge is made, or bonds
	issued to refund those bonds, are outstanding.
	Sec. 55.1788. STEPHEN F. AUSTIN STATE UNIVERSITY. (a) In
	addition to the other authority granted by this subchapter, the
	board of regents of Stephen F. Austin State University may acquire,
	purchase, construct, improve, renovate, enlarge, or equip property
	and facilities, including roads and related infrastructure, for a
	science, technology, engineering, and mathematics research
	building at Stephen F. Austin State University, to be financed
	through the issuance of bonds in accordance with this subchapter,
	not to exceed the aggregate principal amount of $40 million.
	(b) The board may pledge irrevocably to the payment of bonds
	authorized by this section all or any part of the revenue funds of
	Stephen F. Austin State University, including student tuition
	charges. The amount of a pledge made under this subsection may not
	be reduced or abrogated while the bonds for which the pledge is
	made, or bonds issued to refund those bonds, are outstanding.
	Sec. 55.1789. TEXAS TECH UNIVERSITY SYSTEM; ADDITIONAL
	BONDS. (a) In addition to the other authority granted by this
	subchapter, the board of regents of the Texas Tech University
	System may acquire, purchase, construct, improve, renovate,
	enlarge, or equip property and facilities, including roads and
	related infrastructure, for projects to be financed through the
	issuance of bonds in accordance with this subchapter and in
	accordance with a systemwide revenue financing program adopted by
	the board for the following institutions, not to exceed the
	following aggregate principal amounts for the projects specified,
	as follows:
	(1) Texas Tech University Health Sciences Center:
	(A) $36 million for Lubbock education, research,
	and technology facilities;
	(B) $79.2 million for the El Paso Medical Science
	Building II; and
	(C) $15,120,000 for the Permian Basin academic
	facility;
	(2) Texas Tech University, $70.2 million for a
	research building; and
	(3) Angelo State University, $14,896,000 for a health
	and human services building.
	(b) The board may pledge irrevocably to the payment of bonds
	authorized by this section all or any part of the revenue funds of
	an institution, branch, or entity of the Texas Tech University
	System, including student tuition charges. The amount of a pledge
	made under this subsection may not be reduced or abrogated while the
	bonds for which the pledge is made, or bonds issued to refund those
	bonds, are outstanding.
	(c) If sufficient funds are not available to the board to
	meet its obligations under this section, the board may transfer
	funds among institutions, branches, and entities of the Texas Tech
	University System to ensure the most equitable and efficient
	allocation of available resources for each institution, branch, or
	entity to carry out its duties and purposes.
	(d) The bonds for the project specified by Subsection
	(a)(1)(B) may be issued only if the 83rd Legislature enacts
	legislation that becomes law authorizing creation of a health
	sciences center in El Paso as a component of the Texas Tech
	University System.
	Sec. 55.17891. TEXAS SOUTHERN UNIVERSITY; ADDITIONAL
	BONDS. (a) In addition to the other authority granted by this
	subchapter, the board of regents of Texas Southern University may
	acquire, purchase, construct, improve, renovate, enlarge, or equip
	property and facilities, including roads and related
	infrastructure, for the Robert J. Terry Library at Texas Southern
	University, to be financed through the issuance of bonds in
	accordance with this subchapter, not to exceed the aggregate
	principal amount of $52,814,129.
	(b) The board may pledge irrevocably to the payment of bonds
	authorized by this section all or any part of the revenue funds of
	Texas Southern University, including student tuition charges. The
	amount of a pledge made under this subsection may not be reduced or
	abrogated while the bonds for which the pledge is made, or bonds
	issued to refund those bonds, are outstanding.
	Sec. 55.17892. TEXAS STATE TECHNICAL COLLEGE SYSTEM. (a) In
	addition to the other authority granted by this subchapter, the
	board of regents of the Texas State Technical College System may
	acquire, purchase, construct, improve, renovate, enlarge, or equip
	property and facilities, including roads and related
	infrastructure, for projects to be financed through the issuance of
	bonds in accordance with this subchapter for the following
	institutions, not to exceed the following aggregate principal
	amounts for the projects specified, as follows:
	(1) Texas State Technical College System, $35 million
	for the Ellis County Extension Center;
	(2) Texas State Technical College--Harlingen, $2.4
	million for Phase II of the Engineering Technology Center
	renovation;
	(3) Texas State Technical College--Marshall, $1.2
	million for renovation of aviation technology facilities; and
	(4) Texas State Technical College--Waco, $5 million
	for water system infrastructure replacement.
	(b) The board may pledge irrevocably to the payment of those
	bonds all or any part of the revenue funds of an institution,
	branch, or entity of the Texas State Technical College System,
	including student tuition charges. The amount of a pledge made
	under this subsection may not be reduced or abrogated while the
	bonds for which the pledge is made, or bonds issued to refund those
	bonds, are outstanding.
	(c) If sufficient funds are not available to the board to
	meet its obligations under this section, the board may transfer
	funds among institutions, branches, and entities of the Texas State
	Technical College System to ensure the most equitable and efficient
	allocation of available resources for each institution, branch, or
	entity to carry out its duties and purposes.
	(d) The bonds for the project specified by Subsection (a)(1)
	may be issued only if the 83rd Legislature enacts legislation that
	becomes law authorizing an extension center of the Texas State
	Technical College System in Ellis County.
	SECTION 2. (a) If S.B. No. 215, 83rd Legislature, Regular
	Session, 2013, does not become law, Subsection (e), Section
	61.0572, Education Code, is amended to read as follows:
	(e) Approval of the board is not required to acquire real
	property that is financed by bonds issued under Section 55.17(e)(3)
	or (4), 55.1713-55.1718, 55.1721-55.1728, 55.1735(a)(1), 55.174,
	55.1742, 55.1743, 55.1744, 55.1751-55.17592, 55.1768, 55.1771,
	[or] 55.17721, or 55.1781-55.17892, except that the board shall
	review all real property to be financed by bonds issued under those
	sections to determine whether the property meets the standards
	adopted by the board for cost, efficiency, and space use. If the
	property does not meet those standards, the board shall notify the
	governor, the lieutenant governor, the speaker of the house of
	representatives, and the Legislative Budget Board.
	(b) If S.B. No. 215, 83rd Legislature, Regular Session,
	2013, becomes law, this section has no effect.
	SECTION 3. (a) If S.B. No. 215, 83rd Legislature, Regular
	Session, 2013, does not become law, Subsection (b), Section 61.058,
	Education Code, is amended to read as follows:
	(b) This section does not apply to construction, repair, or
	rehabilitation financed by bonds issued under Section 55.17(e)(3)
	or (4), 55.1713-55.1718, 55.1721-55.1728, 55.174, 55.1742,
	55.1743, 55.1744, 55.1751-55.17592, 55.1768, 55.1771, [or]
	55.17721, or 55.1781-55.17892, except that the board shall review
	all construction, repair, or rehabilitation to be financed by bonds
	issued under those sections to determine whether the construction,
	rehabilitation, or repair meets the standards adopted by board rule
	for cost, efficiency, and space use. If the construction,
	rehabilitation, or repair does not meet those standards, the board
	shall notify the governor, the lieutenant governor, the speaker of
	the house of representatives, and the Legislative Budget Board.
	(b) If S.B. No. 215, 83rd Legislature, Regular Session,
	2013, becomes law, this section has no effect.
	SECTION 4. This Act does not affect any authority or
	restriction regarding the activities that a public institution of
	higher education may conduct in connection with a facility financed
	by bonds authorized by this Act.
	SECTION 5. This Act takes effect October 1, 2013.

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Bill Text: TX HB10 | 2013 | 83rd Legislature 1st Special Session | Introduced

Texas House Bill 10 (Prior Session Legislation)

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