Bill Text: TX HB1530 | 2021-2022 | 87th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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-Comm_Sub.html
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-Comm_Sub.html
87R18557 MM-F | |||
By: Murphy | H.B. No. 1530 | ||
Substitute the following for H.B. No. 1530: | |||
By: Pacheco | C.S.H.B. No. 1530 |
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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 55.1791, 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, $60 million for | ||
expansion of the Fort Worth campus; | ||
(3) Texas A&M University, $200 million for | ||
construction of a biological and chemical science complex; | ||
(4) Texas A&M University--Commerce: | ||
(A) $95 million for construction of an | ||
agricultural education and research complex; and | ||
(B) $50 million for infrastructure upgrades to | ||
address accessibility for persons with disabilities and health and | ||
safety issues; | ||
(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, $45 million for | ||
upgrades to the dock and other infrastructure; | ||
(7) Texas A&M University--Kingsville, $60 million for | ||
construction of agricultural facilities; | ||
(8) Texas A&M University--San Antonio, $75 million for | ||
construction of a public health and education building; and | ||
(9) The Texas A&M University System Health Science | ||
Center: | ||
(A) $100 million for construction of the Texas | ||
Medical Center Building 3 in Houston, Texas; and | ||
(B) $40 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, $134 million | ||
for renovation of the Life Science building; | ||
(2) The University of Texas at Austin, $100 million | ||
for renovation of the Physics, Math, and Astronomy building; | ||
(3) The University of Texas at Dallas, $85 million for | ||
construction of a student success center; | ||
(4) The University of Texas at El Paso, $100 million | ||
for construction of an advanced teaching and learning complex; | ||
(5) The University of Texas of the Permian Basin, $70 | ||
million for renovation of the Mesa building and campus | ||
transformation; | ||
(6) The University of Texas--Rio Grande Valley, $76 | ||
million for construction of a health affairs building; | ||
(7) The University of Texas at San Antonio, | ||
$161,250,000 for construction of an Innovation, Entrepreneurship, | ||
and Careers building; | ||
(8) The University of Texas at Tyler, $76 million for | ||
construction of a sciences building; | ||
(9) The University of Texas Health Science Center at | ||
Houston, $100 million for construction of a public health education | ||
and research building; | ||
(10) The University of Texas Health Science Center at | ||
San Antonio, $110 million for construction of the Glenn Biggs | ||
Institute for Alzheimer's & Neurodegenerative Diseases building; | ||
(11) The University of Texas Health Science Center at | ||
Tyler, $70 million for construction of a health professions | ||
education center; | ||
(12) The University of Texas M. D. Anderson Cancer | ||
Center, $100 million for construction of a life sciences research, | ||
innovation, and discovery initiative facility; | ||
(13) The University of Texas Medical Branch at | ||
Galveston, $109,197,714 for infrastructure and research space | ||
upgrades for research buildings; and | ||
(14) The University of Texas Southwestern Medical | ||
Center at Dallas, $100,160,519 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; and | ||
(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. | ||
(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) 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 | ||
(5) Texas State University, $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, $90 | ||
million for maintenance and renovation of an existing facility; 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 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 September 1, 2021. |