83S10383 KEL-D
	By: Rodriguez	S.B. No. 43

	A BILL TO BE ENTITLED
	AN ACT
	relating to authorizing the issuance of revenue bonds to fund
	capital projects for the Texas Tech University Health Sciences
	Center at El Paso.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Subchapter B, Chapter 55, Education Code, is
	amended by adding Section 55.1789 to read as follows:
	Sec. 55.1789.  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 for the Texas Tech University
	Health Sciences Center at El Paso, 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, not to exceed the following aggregate principal amounts
	for the projects specified as follows:
	(1)  $89.1 million for the El Paso Medical Science
	Building II; and
	(2)  $27 million for the El Paso Clinical Sciences
	Building.
	(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 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.
	(d)  Any portion of the proceeds of bonds authorized by this
	section that is not required for the specific project for which the
	bonds are authorized may be used to renovate existing structures
	and facilities of the Texas Tech University Health Sciences Center
	at El Paso.
	SECTION 2.  (a)  If S.B. No. 215, Acts of the 83rd
	Legislature, Regular Session, 2013, does not become law, Subsection
	(e), Section 61.0572, 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,
	[or] 55.17721, or 55.1789, except that the board shall review all
	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.
	(b)  If S.B. No. 215, Acts of the 83rd Legislature, Regular
	Session, 2013, becomes law, this section has no effect.
	SECTION 3.  (a)  If S.B. No. 215, Acts of the 83rd
	Legislature, Regular Session, 2013, does not become law, Subsection
	(b), Section 61.058, 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, [or]
	55.17721, or 55.1789, 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.
	(b)  If S.B. No. 215, Acts of the 83rd Legislature, Regular
	Session, 2013, becomes law, this section has no effect.
	SECTION 4.  This Act takes effect October 1, 2013.