Bill Text: TX HB3367 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to authorizing the issuance of revenue bonds for a specialty and technical course building in Ellis County for the Texas State Technical College System.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-03-19 - Referred to Higher Education [HB3367 Detail]
Download: Texas-2013-HB3367-Introduced.html
83R13077 JRJ-D | ||
By: Pitts | H.B. No. 3367 |
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relating to authorizing the issuance of revenue bonds for a | ||
specialty and technical course building in Ellis County for the | ||
Texas State Technical College System. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter B, Chapter 55, Education Code, is | ||
amended by adding Section 55.178921 to read as follows: | ||
Sec. 55.178921. TEXAS STATE TECHNICAL COLLEGE SYSTEM; | ||
ADDITIONAL BONDS. (a) In addition to the other authority granted | ||
under 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 the Texas State | ||
Technical College System for a specialty and technical course | ||
building located in Ellis County to be financed by the issuance of | ||
bonds in accordance with this subchapter, in an aggregate principal | ||
amount not to exceed $35 million. | ||
(b) The board may pledge irrevocably to the payment of the | ||
bonds authorized by this section all or any part of the revenue | ||
funds of a campus, 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 campuses, branches, and entities of the Texas State | ||
Technical College System to ensure the most equitable and efficient | ||
allocation of available resources for each campus, branch, or | ||
entity to carry out its duties and purposes. | ||
SECTION 2. Section 61.0572(e), Education Code, is amended | ||
to read as follows: | ||
(e) Approval of the board is not required to acquire real | ||
property that is financed by bonds issued under Section 55.17(e)(3) | ||
or (4), 55.1713-55.1718, 55.1721-55.1728, 55.1735(a)(1), 55.174, | ||
55.1742, 55.1743, 55.1744, 55.1751-55.17592, 55.1768, 55.1771, | ||
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real property to be financed by bonds issued under those sections to | ||
determine whether the property meets the standards adopted by the | ||
board for cost, efficiency, and space use. If the property does not | ||
meet those standards, the board shall notify the governor, the | ||
lieutenant governor, the speaker of the house of representatives, | ||
and the Legislative Budget Board. | ||
SECTION 3. Section 61.058(b), Education Code, is amended to | ||
read as follows: | ||
(b) This section does not apply to construction, repair, or | ||
rehabilitation financed by bonds issued under Section 55.17(e)(3) | ||
or (4), 55.1713-55.1718, 55.1721-55.1728, 55.174, 55.1742, | ||
55.1743, 55.1744, 55.1751-55.17592, 55.1768, 55.1771, [ |
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55.17721, or 55.178921, except that the board shall review all | ||
construction, repair, or rehabilitation to be financed by bonds | ||
issued under those sections to determine whether the construction, | ||
rehabilitation, or repair meets the standards adopted by board rule | ||
for cost, efficiency, and space use. If the construction, | ||
rehabilitation, or repair does not meet those standards, the board | ||
shall notify the governor, the lieutenant governor, the speaker of | ||
the house of representatives, and the Legislative Budget Board. | ||
SECTION 4. 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 5. 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. |