Bill Text: TX SB1701 | 2021-2022 | 87th Legislature | Engrossed
Bill Title: Relating to the allocation of certain appropriated funds to public institutions of higher education in this state.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2021-05-04 - Referred to Higher Education [SB1701 Detail]
Download: Texas-2021-SB1701-Engrossed.html
| By: Creighton | S.B. No. 1701 | |
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| relating to the allocation of certain appropriated funds to public | ||
| institutions of higher education in this state. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter B, Chapter 55, Education Code, is | ||
| amended by adding Section 55.111 to read as follows: | ||
| Sec. 55.111. CERTAIN ALLOCATED FUNDS TO BE DESIGNATED AS | ||
| CAPITAL IMPROVEMENT DEBT ASSISTANCE. For purposes of this | ||
| subchapter, funds allocated from the appropriation of general | ||
| revenue to an institution of higher education to supplement revenue | ||
| funds of the institution described by Section 55.13(a) may be | ||
| designated as "Capital Improvement Debt Assistance." | ||
| SECTION 2. 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, 2021. | ||
