83S10469 KSD-D
	By: McClendon	H.B. No. 86

	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, and 55.17891 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)  Prairie View A&M University, $12.8 million for
	critical deferred maintenance; and
	(2)  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 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; and
	(2)  The University of Texas at San Antonio, $74.2
	million for an experimental science instructional 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.
	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.
	SECTION 2.  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 3.  This Act takes effect October 1, 2013.