Bill Text: TX HB1530 | 2021-2022 | 87th Legislature | Engrossed

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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 8-3)

Status: (Engrossed - Dead) 2021-05-17 - Referred to Higher Education [HB1530 Detail]

Download: Texas-2021-HB1530-Engrossed.html

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By: Murphy, Frullo, Huberty, H.B. No. 1530
Turner of Tarrant, Burns, et al.

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 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. Subchapter B, Chapter 55, Education Code, is
amended by adding Sections 55.1791, 55.1792, 55.1793, 55.1794,
55.1795, 55.1796, 55.1797, 55.1798, 55.1799, 55.17991, and
55.17992 to read as follows:
Sec. 55.1791. 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) Prairie View A&M University, $60 million for
construction of a teaching and academic student support services
facility;
(2) Tarleton State University, $63 million for
construction of a College of Health Sciences and Human Services
building on the Stephenville campus;
(3) Texas A&M University, $174 million for
construction of a biological and chemical science complex;
(4) Texas A&M University--Commerce, $95 million for
construction of an agricultural education and research complex;
(5) Texas A&M University--Corpus Christi, $92.5
million for construction of an arts and media building;
(6) Texas A&M University at Galveston, $40.5 million
for upgrades to the dock and other infrastructure;
(7) Texas A&M University--Kingsville, $60 million for
construction of agricultural facilities;
(8) Tarleton State University, $54 million for
expansion of the Fort Worth campus;
(9) Texas A&M University--Central Texas, $45 million
for construction of a central utility plant and infrastructure
upgrades;
(10) West Texas A&M University, $65,750,000 for
infrastructure upgrades to address health and safety issues and the
renovation of an education building;
(11) Texas A&M University--San Antonio, $67.5 million
for construction of a public health and education building;
(12) Texas A&M International University, $80 million
for construction of health science education and research centers;
(13) Texas A&M University--Texarkana, $46 million for
construction of a business, engineering, and technology building;
(14) West Texas A&M University, $33,353,000 for
renovation of nine buildings to address health and safety issues
related to the state fire marshal's report; and
(15) The Texas A&M University System Health Science
Center:
(A) $90 million for construction of the Texas
Medical Center Building 3 in Houston, Texas; and
(B) $36 million for construction of a nursing
education and research center in McAllen, 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 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. 55.1792. 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 Arlington, $120,600,000
for renovation of the Life Science building;
(2) The University of Texas at Austin, $90 million for
renovation of the Physics, Math, and Astronomy building;
(3) The University of Texas at Dallas, $76.5 million
for construction of a student success center;
(4) The University of Texas at El Paso, $90 million for
construction of an advanced teaching and learning complex;
(5) The University of Texas of the Permian Basin, $63
million for renovation of the Mesa building and campus
transformation;
(6) The University of Texas--Rio Grande Valley,
$68,400,000 for construction of a health affairs building;
(7) The University of Texas at San Antonio,
$145,125,000 for construction of an Innovation, Entrepreneurship,
and Careers building;
(8) The University of Texas at Tyler, $68,400,000 for
construction of a sciences building;
(9) The University of Texas Health Science Center at
Houston, $90 million for construction of a public health education
and research building;
(10) The University of Texas Health Science Center at
San Antonio, $99 million for construction of the Glenn Biggs
Institute for Alzheimer's & Neurodegenerative Diseases building;
(11) The University of Texas Health Science Center at
Tyler, $63 million for construction of a health professions
education center;
(12) The University of Texas M. D. Anderson Cancer
Center, $90 million for construction of a life sciences research,
innovation, and discovery initiative facility;
(13) The University of Texas Medical Branch at
Galveston, $98,277,943 for infrastructure and research space
upgrades for research buildings; and
(14) UT Southwestern Medical Center, $90,144,468 for
construction of the north campus Phase VI Brain Institute shell
space.
(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. 55.1793. 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 System:
(A) $92,250,000 for construction of the Katy
Academic Building 2; and
(B) $128 million for construction of a medical
research facility;
(2) the University of Houston:
(A) $39,513,206 for construction of the Hobby
School of Public Affairs building; and
(B) $92,250,000 for construction of the
Sugarland Academic Building 2;
(3) the University of Houston--Clear Lake, $40 million
for renovation of the Bayou Building, the Delta Building, and the
Student Services and Classroom Building;
(4) the University of Houston--Downtown:
(A) $5 million for renovation of the student
services and classroom building;
(B) $10 million for the construction of the
Police Department and Criminal Justice Academy building; and
(C) $15 million for additions to the Girard
Street building; and
(5) the University of Houston--Victoria:
(A) $33,825,000 for construction of a health
science building; and
(B) $39,975,000 for construction of an
engineering facility.
(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. 55.1794. 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 State College--Orange, $42 million for the
replacement of an academic building to house general academic
instruction and information technology services;
(2) Lamar State College--Port Arthur, $55 million for
construction of an allied health and sciences building;
(3) Lamar Institute of Technology, $48 million for
construction of a facility for workforce and allied health
programs;
(4) Lamar University, $75 million for renovation of a
library;
(5) Sul Ross State University, $35,250,000 for
renovation of fine arts facilities;
(6) Sul Ross State University Rio Grande College,
$44,200,000 for construction of a multipurpose education and
services building;
(7) Sam Houston State University:
(A) $70 million for construction of an allied
health building; and
(B) $60 million for construction of an active
learning center; and
(8) Texas State University:
(A) $157 million for construction of a STEM
classroom building located in San Marcos, Texas; and
(B) $88 million for construction of a health
professions building located in Round Rock, 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 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. 55.1795. 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:
(A) $126 million for construction of a science
and technology research building; and
(B) $85 million for construction of a commerce,
analytics, technology, and engineering building in Frisco, Texas;
(2) the University of North Texas at Dallas, $163
million for construction of a science building; and
(3) the University of North Texas Health Science
Center at Fort Worth, $42 million for campus space optimization and
realignment.
(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. 55.1796. TEXAS WOMAN'S UNIVERSITY; ADDITIONAL BONDS.
(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
health sciences center, to be financed through the issuance of
bonds in accordance with this subchapter, not to exceed the
aggregate principal amount of $108 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 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. 55.1797. 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 renovation of an existing building and other
campus infrastructure upgrades, to be financed through the issuance
of bonds in accordance with this subchapter, not to exceed the
aggregate principal amount of $41 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
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. 55.1798. STEPHEN F. AUSTIN STATE UNIVERSITY;
ADDITIONAL BONDS. (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 demolition of the Miller Science
Building, renovation of the Forestry Building, and construction of
a new addition, to be financed through the issuance of bonds in
accordance with this subchapter, not to exceed the aggregate
principal amount of $53 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. 55.1799. 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) Angelo State University, $36 million for a central
plant maintenance and renovation;
(2) Texas Tech University, $72 million for renovations
to address deferred maintenance for campus buildings;
(3) Texas Tech University Health Sciences Center:
(A) $90 million for maintenance and renovation of
an existing facility; and
(B) $25 million for construction and equipment of
the physician assistant facility in Midland, Texas; and
(4) Texas Tech University Health Sciences Center at El
Paso, $163,080,000 for construction of a dental school 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. 55.17991. 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 projects to be financed through the issuance of
bonds in accordance with this subchapter, not to exceed the
following aggregate principal amounts for the projects specified,
as follows:
(1) $22.8 million for renovation of the Nabrit
Building;
(2) $59 million for construction of the Lanier East
Building; and
(3) $2.4 million for upgrades to signage and
wayfinding.
(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. 55.17992. 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 entity
and institutions, not to exceed the following aggregate principal
amounts for the projects specified, as follows:
(1) Texas State Technical College System, $33.3
million for the East Williamson County Higher Education Center
expansion;
(2) Texas State Technical College--Fort Bend,
$41,800,000 for Fort Bend County campus expansion;
(3) Texas State Technical College--Harlingen,
$37,800,000 for Harlingen campus expansion;
(4) Texas State Technical College--Marshall, $15
million for Marshall campus expansion;
(5) Texas State Technical College--North Texas, $13.5
million for North Texas campus expansion; and
(6) Texas State Technical College--West Texas, $13.5
million for West Texas 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 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 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, 2021.