By: Lozano	H.B. No. 3052

	A BILL TO BE ENTITLED
	AN ACT
	relating to authorizing the issuance of revenue bonds for capital
	projects at Texas A&M University - Kingsville.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Subchapter B, Chapter 55, Education Code, is
	amended by adding Section 55.17811 to read as follows:
	Sec. 55.17811.  TEXAS A&M UNIVERSITY-KINGSVILLE.  (a)  In
	addition to the other authority granted under this subchapter, the
	board of regents of The Texas A&M University System may acquire,
	purchase, construct, improve, renovate, enlarge, or equip
	property, buildings, structures, facilities, roads or related
	infrastructure for a Music Building Expansion and Renovation at
	Texas A&M University - Kingsville, to be financed by the issuance of
	bonds in accordance with a system-wide revenue financing program
	and secured as provided by that program, in an aggregate principal
	amount not to exceed $40 million.
	(b)  The board may pledge irrevocably to the payment of the
	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.
	SECTION 2.  Section 61.0572(e), 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,
	55.17721, or 55.17811, 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.
	SECTION 3.  Section 61.058(b), 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, 55.17721, or
	55.17811, 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.
	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 immediately if it receives
	a vote of two-thirds of all the members of the 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, 2011.