Bill Text: TX HB173 | 2021 | 87th Legislature 3rd Special Session | Introduced
Bill Title: Relating to authorizing the issuance of revenue bonds to fund capital projects at public institutions of higher education.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-10-15 - Referred to Appropriations [HB173 Detail]
Download: Texas-2021-HB173-Introduced.html
87S30599 MM-D | ||
By: Murphy | H.B. No. 173 |
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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, and 55.17991 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) Tarleton State University, $63 million for | ||
construction of a College of Health Sciences and Human Services | ||
building; | ||
(2) Texas A&M University, $175 million for | ||
construction of a veterinary clinical research building; | ||
(3) Texas A&M University--Commerce, $95 million for | ||
construction of an agricultural education and research complex; | ||
(4) Texas A&M University at Galveston, $40.5 million | ||
for construction of an engineering classroom and research building; | ||
(5) Texas A&M University--Kingsville, $60 million to | ||
address deferred maintenance; | ||
(6) West Texas A&M University, $33,353,000 for repairs | ||
and renovations to nine buildings to address health and safety | ||
issues identified in the state fire marshal's report; and | ||
(7) 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 Permian Basin, $63 million | ||
for renovation of the Mesa Building and campus transformation; | ||
(5) The University of Texas--Rio Grande Valley, | ||
$68,400,000 for construction of a health affairs building; | ||
(6) The University of Texas at Tyler, $68,400,000 for | ||
construction of a sciences building; | ||
(7) The University of Texas Health Science Center at | ||
Houston, $90 million for construction of a public health education | ||
and research building; | ||
(8) The University of Texas Health Science Center at | ||
San Antonio, $99 million for construction of the Institute for | ||
Alzheimer's & Neurodegenerative Diseases Building; | ||
(9) The University of Texas Health Science Center at | ||
Tyler, $63 million for construction of a health professions | ||
education center; | ||
(10) The University of Texas M. D. Anderson Cancer | ||
Center, $90 million for construction of a life sciences research, | ||
innovation, and discovery initiative facility; and | ||
(11) The University of Texas Southwestern Medical | ||
Center at Dallas, $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, $92,250,000 for | ||
construction of the Katy Academic Building 2; | ||
(2) the University of Houston, $39,513,206 for | ||
renovation of the Hobby School of Public Affairs Building; | ||
(3) 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; and | ||
(4) the University of Houston--Downtown, $10 million | ||
for the construction of the Police Department and Criminal Justice | ||
Academy 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; and | ||
(4) 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 renovation of four buildings. | ||
(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. 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. 55.1798. 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) Texas Tech University, $72 million for renovations | ||
and maintenance for campus buildings; | ||
(2) Midwestern State University, $41 million for | ||
renovation of an existing building; | ||
(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. 55.1799. 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) $22,800,000 for renovation of an existing research | ||
labs building; and | ||
(2) $59 million for construction of a student housing | ||
and multipurpose conference center. | ||
(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. 55.17991. 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, $33,300,000 | ||
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; and | ||
(3) Texas State Technical College--Harlingen, | ||
$37,800,000 for Harlingen 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 on the 91st day after the | ||
last day of the legislative session. |