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A BILL TO BE ENTITLED
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AN ACT
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relating to authorizing the issuance of revenue bonds to fund |
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capital projects at public institutions of higher education. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 55, Education Code, is |
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amended by adding Sections 55.1781, 55.1782, 55.1783, 55.1784, |
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55.1785, 55.1786, 55.1787, 55.1788, 55.1789, 55.17891, and |
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55.17892 to read as follows: |
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Sec. 55.1781. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL |
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BONDS. (a) In addition to the other authority granted by this |
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subchapter, the board of regents of The Texas A&M University System |
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may acquire, purchase, construct, improve, renovate, enlarge, or |
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equip property and facilities, including roads and related |
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|
infrastructure, for projects to be financed through the issuance of |
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|
bonds in accordance with this subchapter and in accordance with a |
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systemwide revenue financing program adopted by the board for the |
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following institutions, not to exceed the following aggregate |
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principal amounts for the projects specified, as follows: |
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(1) Texas A&M University--Commerce, $60,000,000 for |
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construction of a nursing and health sciences building; |
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(2) Texas A&M University--Corpus Christi, |
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$120,000,000 for construction of a life sciences research and |
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engineering building; |
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(3) Texas A&M University--Kingsville, $77,111,899 for |
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construction of a music building; |
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(4) Texas A&M University--Texarkana, $40,000,000 for |
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construction of an academic and student health sciences building; |
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(5) West Texas A&M University: |
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(A) $20,000,000 for renovation of the Amarillo |
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Center; and |
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(B) $53,000,000 for construction of an |
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agricultural sciences complex; |
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(6) The Texas A&M University System Health Science |
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Center: |
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(A) $100,000,000 for construction of a |
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multidisciplinary research and education facility in Bryan, Texas; |
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and |
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(B) $119,371,824 for construction of a dental |
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clinic facility at the Baylor College of Dentistry; |
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(7) Texas A&M International University, $60,625,000 |
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for construction of an academic and laboratory learning center; |
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(8) Prairie View A&M University, $15,000,000 for |
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construction of a fabrication center; |
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(9) Tarleton State University: |
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(A) $85,600,000 for construction of an applied |
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sciences building; and |
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(B) $99,600,000 for construction of a southwest |
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metroplex building for the campus in Midlothian; |
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(10) Texas A&M University, $95,000,000 for |
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construction of a biocontainment research facility; |
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(11) Texas A&M University at Galveston, $134,000,000 |
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for construction of an academic building; |
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(12) Texas A&M University--Central Texas, $40,000,000 |
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for construction of a multipurpose building; |
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(13) Texas A&M University--San Antonio, $70,000,000 |
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for construction of a science and technology building; and |
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(14) the Texas Engineering Experiment Station, |
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$65,000,000 for construction of a center for infrastructure |
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renewal. |
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(b) The board may pledge irrevocably to the payment of bonds |
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authorized by this section all or any part of the revenue funds of |
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an institution, branch, or entity of The Texas A&M University |
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System, including student tuition charges. The amount of a pledge |
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made under this subsection may not be reduced or abrogated while the |
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bonds for which the pledge is made, or bonds issued to refund those |
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bonds, are outstanding. |
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(c) If sufficient funds are not available to the board to |
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meet its obligations under this section, the board may transfer |
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funds among institutions, branches, and entities of The Texas A&M |
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University System to ensure the most equitable and efficient |
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|
allocation of available resources for each institution, branch, or |
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entity to carry out its duties and purposes. |
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(d) The expanded capacity at system institutions |
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attributable to the authorization provided for projects under |
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Subsection (a) supports the provision of dual credit or career and |
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technology education programs in furtherance of the goals of |
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Chapter 211 (H.B. 5), Acts of the 83rd Legislature, Regular |
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Session, 2013. |
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Sec. 55.1782. THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL |
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BONDS. (a) In addition to the other authority granted by this |
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subchapter, the board of regents of The University of Texas System |
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may acquire, purchase, construct, improve, renovate, enlarge, or |
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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 |
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principal amounts for the projects specified, as follows: |
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(1) The University of Texas at Austin, $125,000,000 |
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for renovation of Robert A. Welch Hall; |
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(2) The University of Texas--Rio Grande Valley: |
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(A) $50,600,000 for construction of a |
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multipurpose academic center at the campus in Brownsville; and |
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(B) $50,000,000 for construction of an |
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interdisciplinary engineering and academic studies building at the |
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campus in Edinburg; |
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(3) The University of Texas Southwestern Medical |
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Center at Dallas, $102,000,000 for the construction and renovation |
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of a vivarium; |
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(4) The University of Texas Health Science Center at |
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San Antonio, $93,800,000 for the renovation of a medical and dental |
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education building; |
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(5) The University of Texas M. D. Anderson Cancer |
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Center, $361,000,000 for construction of the Sheikh Zayed Bin |
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Sultan Al Nahyan Building for Personalized Cancer Care; |
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(6) The University of Texas Medical Branch at |
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Galveston, $90,400,000 for construction of a health education |
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center; |
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(7) The University of Texas at Arlington, $244,000,000 |
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for construction of a science and engineering innovation and |
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research building; |
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(8) The University of Texas at Dallas, $110,000,000 |
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for construction of an engineering building; |
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(9) The University of Texas at El Paso, $117,000,000 |
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for construction of an interdisciplinary research facility; |
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(10) The University of Texas at San Antonio, |
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$115,000,000 for construction of an instructional science and |
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engineering building; |
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(11) The University of Texas at Tyler, $76,000,000 for |
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construction of a STEM building; |
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(12) The University of Texas Health Science Center at |
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Houston, $117,000,000 for the renovation and modernization of a |
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medical school building; |
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(13) The University of Texas Health Science Center at |
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Tyler, $18,500,000 for the renovation of a facility for physician |
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residents training; and |
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(14) The University of Texas of the Permian Basin, |
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$60,000,000 for construction of an engineering building. |
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(b) The board may pledge irrevocably to the payment of bonds |
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authorized by this section all or any part of the revenue funds of |
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an institution, branch, or entity of The University of Texas |
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System, including student tuition charges. The amount of a pledge |
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made under this subsection may not be reduced or abrogated while the |
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bonds for which the pledge is made, or bonds issued to refund those |
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bonds, are outstanding. |
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(c) If sufficient funds are not available to the board to |
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meet its obligations under this section, the board may transfer |
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funds among institutions, branches, and entities of The University |
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of Texas System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
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entity to carry out its duties and purposes. |
|
|
(d) The expanded capacity at system institutions |
|
|
attributable to the authorization provided for projects under |
|
|
Subsection (a) supports the provision of dual credit or career and |
|
|
technology education programs in furtherance of the goals of |
|
|
Chapter 211 (H.B. 5), Acts of the 83rd Legislature, Regular |
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|
Session, 2013. |
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Sec. 55.1783. UNIVERSITY OF HOUSTON SYSTEM; ADDITIONAL |
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BONDS. (a) In addition to the other authority granted by this |
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subchapter, the board of regents of the University of Houston |
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System may acquire, purchase, construct, improve, renovate, |
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|
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 or entities, not to exceed |
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|
the following aggregate principal amounts for the projects |
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specified, as follows: |
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(1) the University of Houston: |
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(A) $165,000,000 for construction of a health and |
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biomedical sciences center; and |
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(B) $91,350,000 for construction of a new |
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academic building located in Sugar Land, Texas; |
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(2) the University of Houston--Clear Lake: |
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(A) $34,200,000 for construction of a health |
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sciences and classroom building located in Pearland, Texas; and |
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(B) $101,875,000 for construction of a STEM and |
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classroom building; |
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(3) the University of Houston--Downtown, $104,700,000 |
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for construction of a science and technology building; |
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(4) the University of Houston--Victoria, $85,420,000 |
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for construction of a science, technology, and classroom building; |
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and |
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(5) the University of Houston System, $36,540,000 for |
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construction of a Cinco Ranch academic building located in the area |
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near Katy, Texas. |
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(b) The board may pledge irrevocably to the payment of bonds |
|
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authorized by this section all or any part of the revenue funds of |
|
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an institution, branch, or entity of the University of Houston |
|
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System, including student tuition charges. The amount of a pledge |
|
|
made under this subsection may not be reduced or abrogated while the |
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bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
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|
(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. |
|
|
(d) The expanded capacity at system institutions |
|
|
attributable to the authorization provided for projects under |
|
|
Subsection (a) supports the provision of dual credit or career and |
|
|
technology education programs in furtherance of the goals of |
|
|
Chapter 211 (H.B. 5), Acts of the 83rd Legislature, Regular |
|
|
Session, 2013. |
|
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Sec. 55.1784. TEXAS STATE UNIVERSITY SYSTEM; ADDITIONAL |
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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: |
|
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(1) Lamar University, $81,000,000 for construction of |
|
|
a science and technology building; |
|
|
(2) Lamar State College--Orange, $12,500,000 for |
|
|
construction of a multipurpose education building; |
|
|
(3) Lamar State College--Port Arthur, $10,100,000 for |
|
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expansion of technology program facilities; |
|
|
(4) Lamar Institute of Technology, $16,500,000 for |
|
|
renovation of the technical arts buildings; |
|
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(5) Texas State University: |
|
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(A) $107,000,000 for construction of an |
|
|
engineering and sciences building; and |
|
|
(B) $67,500,000 for construction of a medical |
|
|
education and research building in Round Rock, Texas; |
|
|
(6) Sam Houston State University, $60,000,000 for |
|
|
construction of a biology laboratory building; and |
|
|
(7) Sul Ross State University, $7,800,000 for |
|
|
renovation and modernization of educational and related facilities |
|
|
and infrastructure. |
|
|
(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. |
|
|
(d) The expanded capacity at system institutions |
|
|
attributable to the authorization provided for projects under |
|
|
Subsection (a) supports the provision of dual credit or career and |
|
|
technology education programs in furtherance of the goals of |
|
|
Chapter 211 (H.B. 5), Acts of the 83rd Legislature, Regular |
|
|
Session, 2013. |
|
|
Sec. 55.1785. 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 or entities, not to exceed |
|
|
the following aggregate principal amounts for the projects |
|
|
specified, as follows: |
|
|
(1) the University of North Texas System, $101,000,000 |
|
|
for renovation of college of law buildings; |
|
|
(2) the University of North Texas, $92,000,000 for |
|
|
construction and renovation of college of visual arts and design |
|
|
facilities; |
|
|
(3) the University of North Texas at Dallas, |
|
|
$70,000,000 for construction of a student learning and success |
|
|
center; and |
|
|
(4) the University of North Texas Health Science |
|
|
Center at Fort Worth, $121,000,000 for construction of an |
|
|
interdisciplinary research 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 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. |
|
|
(d) The expanded capacity at system institutions |
|
|
attributable to the authorization provided for projects under |
|
|
Subsection (a) supports the provision of dual credit or career and |
|
|
technology education programs in furtherance of the goals of |
|
|
Chapter 211 (H.B. 5), Acts of the 83rd Legislature, Regular |
|
|
Session, 2013. |
|
|
Sec. 55.1786. TEXAS WOMAN'S UNIVERSITY. (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 |
|
|
science and technology learning center, to be financed through the |
|
|
issuance of bonds in accordance with this subchapter, not to exceed |
|
|
the aggregate principal amount of $51,347,200. |
|
|
(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. |
|
|
(c) The expanded capacity at the university attributable to |
|
|
the authorization provided under Subsection (a) supports the |
|
|
provision of dual credit or career and technology education |
|
|
programs in furtherance of the goals of Chapter 211 (H.B. 5), Acts |
|
|
of the 83rd Legislature, Regular Session, 2013. |
|
|
Sec. 55.1787. MIDWESTERN STATE UNIVERSITY; ADDITIONAL |
|
|
BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of Midwestern State University may |
|
|
acquire, purchase, construct, improve, renovate, enlarge, or equip |
|
|
property and facilities, including roads and related |
|
|
infrastructure, for the Gunn College of Health Sciences and Human |
|
|
Services, to be financed through the issuance of bonds in |
|
|
accordance with this subchapter, not to exceed the aggregate |
|
|
principal amount of $61,000,000. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
Midwestern 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. |
|
|
(c) The expanded capacity at the university attributable to |
|
|
the authorization provided under Subsection (a) supports the |
|
|
provision of dual credit or career and technology education |
|
|
programs in furtherance of the goals of Chapter 211 (H.B. 5), Acts |
|
|
of the 83rd Legislature, Regular Session, 2013. |
|
|
Sec. 55.1788. STEPHEN F. AUSTIN STATE UNIVERSITY. (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 a |
|
|
science, technology, engineering, and mathematics research |
|
|
building at Stephen F. Austin State University, to be financed |
|
|
through the issuance of bonds in accordance with this subchapter, |
|
|
not to exceed the aggregate principal amount of $58,000,000. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
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. |
|
|
(c) The expanded capacity at the university attributable to |
|
|
the authorization provided under Subsection (a) supports the |
|
|
provision of dual credit or career and technology education |
|
|
programs in furtherance of the goals of Chapter 211 (H.B. 5), Acts |
|
|
of the 83rd Legislature, Regular Session, 2013. |
|
|
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 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 Health Sciences Center: |
|
|
(A) $83,700,000 for renovation and expansion of |
|
|
Lubbock education, research, and technology facilities; |
|
|
(B) $19,800,000 for construction of the Permian |
|
|
Basin academic facility; and |
|
|
(C) $9,750,000 for construction of the Amarillo |
|
|
Panhandle Clinical/Hospital Simulation; |
|
|
(2) Texas Tech University Health Sciences Center at El |
|
|
Paso, $94,400,000 for construction of the El Paso Medical Science |
|
|
Building II; |
|
|
(3) Texas Tech University, $97,700,000 for |
|
|
construction of an experimental sciences building; and |
|
|
(4) Angelo State University, $26,700,000 for |
|
|
construction of a College of Health and Human Services 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. |
|
|
(d) The expanded capacity at system institutions |
|
|
attributable to the authorization provided for projects under |
|
|
Subsection (a) supports the provision of dual credit or career and |
|
|
technology education programs in furtherance of the goals of |
|
|
Chapter 211 (H.B. 5), Acts of the 83rd Legislature, Regular |
|
|
Session, 2013. |
|
|
Sec. 55.17891. 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 the Robert J. Terry Library at Texas Southern |
|
|
University, to be financed through the issuance of bonds in |
|
|
accordance with this subchapter, not to exceed the aggregate |
|
|
principal amount of $70,247,859. |
|
|
(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. |
|
|
(c) The expanded capacity at the university attributable to |
|
|
the authorization provided under Subsection (a) supports the |
|
|
provision of dual credit or career and technology education |
|
|
programs in furtherance of the goals of Chapter 211 (H.B. 5), Acts |
|
|
of the 83rd Legislature, Regular Session, 2013. |
|
|
Sec. 55.17892. 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 |
|
|
institutions, not to exceed the following aggregate principal |
|
|
amounts for the projects specified, as follows: |
|
|
(1) Texas State Technical College--West Texas, |
|
|
$12,000,000 for construction of an industrial technology center in |
|
|
Abilene, Texas; |
|
|
(2) Texas State Technical College--Harlingen, |
|
|
$3,750,000 for Phase II of the Engineering Technology Center |
|
|
renovation; |
|
|
(3) Texas State Technical College--Marshall, |
|
|
$31,350,440 for construction of a North Texas extension center; and |
|
|
(4) Texas State Technical College--Waco, $14,950,000 |
|
|
for construction of the Fort Bend Industrial Technology Center. |
|
|
(b) The board may pledge irrevocably to the payment of those |
|
|
bonds 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. |
|
|
(d) The expanded capacity at system institutions |
|
|
attributable to the authorization provided for projects under |
|
|
Subsection (a) supports the provision of dual credit or career and |
|
|
technology education programs in furtherance of the goals of |
|
|
Chapter 211 (H.B. 5), Acts of the 83rd Legislature, Regular |
|
|
Session, 2013. |
|
|
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 September 1, 2015. |