Bill Text: TX HB3323 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the establishment of the University of Houston-Katy campus and authorization for the issuance of revenue bonds to fund an academic building at the campus.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2015-03-17 - Referred to Higher Education [HB3323 Detail]
Download: Texas-2015-HB3323-Introduced.html
| 84R11478 AAF-F | ||
| By: Schofield | H.B. No. 3323 | |
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| relating to the establishment of the University of Houston-Katy | ||
| campus and authorization for the issuance of revenue bonds to fund | ||
| an academic building at the campus. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 111, Education Code, is amended by | ||
| adding Subchapter J to read as follows: | ||
| SUBCHAPTER J. THE UNIVERSITY OF HOUSTON-KATY | ||
| Sec. 111.131. UNIVERSITY OF HOUSTON-KATY. There is | ||
| established in Harris County a coeducational institution of higher | ||
| education to be known as the University of Houston-Katy. The | ||
| institution shall be located on land currently owned by the | ||
| University of Houston System, land purchased by the University of | ||
| Houston System, or land acquired by the University of Houston | ||
| System by donation. | ||
| Sec. 111.132. ORGANIZATION AND CONTROL. The organization | ||
| and control of the University of Houston-Katy are vested in the | ||
| board of regents of the University of Houston System. The board of | ||
| regents has all rights, powers, and duties with respect to the | ||
| University of Houston-Katy that it has with respect to the | ||
| organization and control of the University of Houston, except as | ||
| otherwise provided by this subchapter. | ||
| Sec. 111.133. ROLE AND SCOPE. The University of | ||
| Houston-Katy shall offer undergraduate and graduate programs. | ||
| Sec. 111.134. GIFTS AND GRANTS. The board of regents of the | ||
| University of Houston System may accept and administer gifts and | ||
| grants for the use and benefit of the University of Houston-Katy. | ||
| SECTION 2. Subchapter B, Chapter 55, Education Code, is | ||
| amended by adding Section 55.178312 to read as follows: | ||
| Sec. 55.178312. 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 an academic building located in Harris | ||
| County in or near Katy, Texas, to be financed through the issuance | ||
| of bonds in accordance with this subchapter, including bonds issued | ||
| in accordance with a systemwide revenue financing program and | ||
| secured as provided by that program, in an aggregate principal | ||
| amount not to exceed $58,540,000. | ||
| (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. | ||
| SECTION 3. The board of regents of the University of Houston | ||
| System, as soon as practicable following the effective date of this | ||
| Act consistent with available resources and any required approval | ||
| by the Texas Higher Education Coordinating Board, shall establish | ||
| the University of Houston-Katy in accordance with 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, 2015. | ||
