Bill Text: TX HB2474 | 2013-2014 | 83rd Legislature | Enrolled
Bill Title: Relating to taxes and bonds for a junior college district branch campus.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2013-06-14 - Effective immediately [HB2474 Detail]
Download: Texas-2013-HB2474-Enrolled.html
H.B. No. 2474 |
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relating to taxes and bonds for a junior college district branch | ||
campus. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter E, Chapter 130, Education Code, is | ||
amended by adding Section 130.0865 to read as follows: | ||
Sec. 130.0865. SECURITY FOR REVENUE BONDS ISSUED FOR BRANCH | ||
CAMPUS, CENTER, OR EXTENSION FACILITY. Bonds payable from revenue | ||
and issued by the governing body of a county or school district to | ||
finance the purchase of land or the construction of a facility to be | ||
used for a branch campus, center, or extension facility authorized | ||
under Section 130.086 may be secured by a trust indenture, a deed of | ||
trust, or a mortgage granting a security interest in the applicable | ||
land or facility. | ||
SECTION 2. Section 130.087(k), Education Code, is amended | ||
to read as follows: | ||
(k) The proceeds of the junior college district branch | ||
campus maintenance tax may be used only as follows: | ||
(1) to operate and maintain a junior college district | ||
branch campus and [ |
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of the political subdivision [ |
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[ |
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and | ||
(2) under an agreement by the applicable junior | ||
college district and the political subdivision levying the tax, to | ||
make lease payments to the political subdivision for facilities | ||
used exclusively by the branch campus that are owned by the | ||
political subdivision [ |
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SECTION 3. (a) The change in law made by this Act in adding | ||
Section 130.0865, Education Code, applies only to a bond issued on | ||
or after the effective date of this Act. A bond issued before the | ||
effective date of this Act is governed by the law in effect at the | ||
time the bond was issued, and the former law is continued in effect | ||
for that purpose. | ||
(b) The change in law made by this Act in amending Section | ||
130.087, Education Code, applies to the proceeds of a junior | ||
college district branch campus maintenance tax levied under Section | ||
130.087, Education Code, without regard to whether imposition of | ||
the tax was approved by the voters or the proceeds were derived from | ||
taxes imposed before, on, or after the effective date of this Act. | ||
SECTION 4. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members 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, 2013. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 2474 was passed by the House on May 2, | ||
2013, by the following vote: Yeas 146, Nays 1, 2 present, not | ||
voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 2474 was passed by the Senate on May | ||
20, 2013, by the following vote: Yeas 31, Nays 0. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: _____________________ | ||
Date | ||
_____________________ | ||
Governor |