Bill Text: TX HB100 | 2015-2016 | 84th Legislature | Enrolled
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 12-7)
Status: (Passed) 2015-06-18 - Effective on 9/1/15 [HB100 Detail]
Download: Texas-2015-HB100-Enrolled.html
H.B. No. 100 |
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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, $48 million for | ||
construction of a nursing and health sciences building; | ||
(2) Texas A&M University--Corpus Christi, $60 million | ||
for construction of a life sciences research and engineering | ||
building; | ||
(3) Texas A&M University--Kingsville, $60 million for | ||
an educational complex; | ||
(4) Texas A&M University--Texarkana, $32 million for | ||
construction of an academic and student services building; | ||
(5) West Texas A&M University: | ||
(A) $38,160,000 for construction of an | ||
agricultural sciences complex; and | ||
(B) $7,200,000 for renovation of the Amarillo | ||
Center; | ||
(6) The Texas A&M University System Health Science | ||
Center: | ||
(A) $72 million for construction of a dental | ||
clinic facility at the Baylor College of Dentistry; and | ||
(B) $72 million for construction of a | ||
multidisciplinary research and education facility in Bryan, Texas; | ||
(7) Texas A&M International University, $55,200,000 | ||
for library renovation through the addition of instructional and | ||
support spaces; | ||
(8) Prairie View A&M University, $28,632,000 for | ||
construction of a fabrication center and capital improvements; | ||
(9) Tarleton State University: | ||
(A) $54 million for construction of an applied | ||
sciences building; and | ||
(B) $39,600,000 for construction of a southwest | ||
metroplex building in Tarrant County; | ||
(10) Texas A&M University, $75 million for | ||
construction of a biocontainment research facility; | ||
(11) Texas A&M University at Galveston, $60 million | ||
for construction of a classroom and laboratory facility and campus | ||
infrastructure; | ||
(12) Texas A&M University--Central Texas, $36 million | ||
for construction of a multipurpose building; and | ||
(13) Texas A&M University--San Antonio, $63 million | ||
for construction of a science and technology building and campus | ||
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 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, $75 million for | ||
renovation of Robert A. Welch Hall; | ||
(2) The University of Texas--Rio Grande Valley: | ||
(A) $36,432,000 for construction of a | ||
multipurpose academic building at the campus in Brownsville; and | ||
(B) $30,600,000 for construction of an | ||
interdisciplinary engineering academic studies building at the | ||
campus in Edinburg; | ||
(3) The University of Texas Southwestern Medical | ||
Center at Dallas, $80 million for the construction and renovation | ||
of a vivarium and academic and laboratory facilities; | ||
(4) The University of Texas Health Science Center at | ||
San Antonio, $80 million for facility renewal and renovation; | ||
(5) The University of Texas M. D. Anderson Cancer | ||
Center, $70 million for construction of the Sheikh Zayed Bin Sultan | ||
Al Nahyan building; | ||
(6) The University of Texas Medical Branch at | ||
Galveston, $67,800,000 for construction of a health education | ||
center; | ||
(7) The University of Texas at Arlington, $70 million | ||
for construction of a science and education innovation and research | ||
building; | ||
(8) The University of Texas at Dallas, $70 million for | ||
construction of an engineering building; | ||
(9) The University of Texas at El Paso, $70 million for | ||
construction of an interdisciplinary research facility; | ||
(10) The University of Texas at San Antonio, $70 | ||
million for construction of an instructional science and | ||
engineering building; | ||
(11) The University of Texas at Tyler, $60 million for | ||
construction of a STEM building; | ||
(12) The University of Texas Health Science Center at | ||
Houston, $80 million for the renovation and modernization of | ||
educational and research facilities; | ||
(13) The University of Texas Health Science Center at | ||
Tyler, $14,800,000 for the renovation and modernization of | ||
educational and research facilities; and | ||
(14) The University of Texas of the Permian Basin, $48 | ||
million for construction of engineering and kinesiology buildings. | ||
(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. | ||
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 or entities, not to exceed | ||
the following aggregate principal amounts for the projects | ||
specified, as follows: | ||
(1) the University of Houston: | ||
(A) $63 million for construction of a health and | ||
biomedical sciences center; and | ||
(B) $54 million for construction of a new | ||
academic building located in Sugar Land, Texas; | ||
(2) the University of Houston--Clear Lake: | ||
(A) $24,624,000 for construction of a health | ||
sciences and classroom building located in Pearland, Texas; and | ||
(B) $54 million for construction of a STEM and | ||
classroom building; | ||
(3) the University of Houston--Downtown, $60 million | ||
for construction of a science and technology building; | ||
(4) the University of Houston--Victoria, $60 million | ||
for academic expansion and land acquisition; and | ||
(5) the University of Houston System, $46,832,000 for | ||
land acquisition for construction of a building in the area near | ||
Katy, Texas. | ||
(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, $60 million for construction of | ||
a science building; | ||
(2) Lamar State College--Orange, $10 million for | ||
construction of a multipurpose education building; | ||
(3) Lamar State College--Port Arthur, $8,080,000 for | ||
expansion of technology program facilities; | ||
(4) Lamar Institute of Technology, $12,500,000 for | ||
construction and renovation of technical arts buildings; | ||
(5) Texas State University: | ||
(A) $63 million for construction of an | ||
engineering and sciences building; and | ||
(B) $48,600,000 for construction of a health | ||
professions building in Round Rock, Texas; | ||
(6) Sam Houston State University, $48 million for | ||
construction of a biology laboratory building; and | ||
(7) Sul Ross State University, $6,240,000 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 or entities, not to exceed | ||
the following aggregate principal amounts for the projects | ||
specified, as follows: | ||
(1) the University of North Texas System, $56 million | ||
for renovation of college of law buildings; | ||
(2) the University of North Texas, $70 million for | ||
construction and renovation of college of visual arts and design | ||
facilities; | ||
(3) the University of North Texas at Dallas, $63 | ||
million for construction of a student learning and success center; | ||
and | ||
(4) the University of North Texas Health Science | ||
Center at Fort Worth, $80 million for construction of 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 | ||
laboratory building, to be financed through the issuance of bonds | ||
in accordance with this subchapter, not to exceed the aggregate | ||
principal amount of $37,997,000. | ||
(b) The board may pledge irrevocably to the payment of bonds | ||
authorized by this section all or any part of the revenue funds of | ||
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 an academic expansion and revitalization | ||
project, to be financed through the issuance of bonds in accordance | ||
with this subchapter, not to exceed the aggregate principal amount | ||
of $58,400,000. | ||
(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 $46,400,000. | ||
(b) The board may pledge irrevocably to the payment of bonds | ||
authorized by this section all or any part of the revenue funds of | ||
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) $60,264,000 for construction of Lubbock | ||
education, research, and technology facilities; | ||
(B) $14,256,000 for construction of the Permian | ||
Basin academic facility; and | ||
(C) $5,715,000 for construction of the Amarillo | ||
Panhandle Clinical/Hospital Simulation; | ||
(2) Texas Tech University Health Sciences Center at El | ||
Paso, $75,520,000 for construction of the El Paso Medical Science | ||
Building II; | ||
(3) Texas Tech University, $70 million for | ||
construction of an experimental sciences high tech | ||
interdisciplinary research building; and | ||
(4) Angelo State University, $21,360,000 for | ||
construction of a College of 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. | ||
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 $60 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 | ||
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--West Texas, $12 | ||
million for construction of an industrial technology center; | ||
(2) Texas State Technical College--Harlingen, | ||
$3,750,000 for Phase II of the Engineering Technology Center | ||
renovation; | ||
(3) Texas State Technical College--Waco, $14,950,000 | ||
for construction of the Fort Bend Campus Building #2; and | ||
(4) Texas State Technical College--Marshall, | ||
$11,040,000 for purchase and renovation of the North Texas | ||
Technology Center. | ||
(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. | ||
SECTION 2. Sections 55.17721(d) and (e), Education Code, | ||
are repealed. | ||
SECTION 3. 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 4. This Act takes effect September 1, 2015. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 100 was passed by the House on April | ||
9, 2015, by the following vote: Yeas 131, Nays 13, 2 present, not | ||
voting; that the House refused to concur in Senate amendments to | ||
H.B. No. 100 on May 21, 2015, and requested the appointment of a | ||
conference committee to consider the differences between the two | ||
houses; and that the House adopted the conference committee report | ||
on H.B. No. 100 on May 29, 2015, by the following vote: Yeas 137, | ||
Nays 8, 2 present, not voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 100 was passed by the Senate, with | ||
amendments, on May 19, 2015, by the following vote: Yeas 26, Nays | ||
5; at the request of the House, the Senate appointed a conference | ||
committee to consider the differences between the two houses; and | ||
that the Senate adopted the conference committee report on H.B. No. | ||
100 on May 30, 2015, by the following vote: Yeas 26, Nays 5. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: __________________ | ||
Date | ||
__________________ | ||
Governor |