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Amend CSHB 51 by adding the following appropriately numbered
SECTIONS to the bill and renumbering the SECTIONS of the bill
accordingly:
SECTION ____. Subchapter C, Chapter 61, Education Code, is
amended by adding Section 61.0585 to read as follows:
Sec. 61.0585. BONDS TO SUPPORT DEVELOPMENT OF TIER ONE
RESEARCH UNIVERSITIES. The board may direct the Texas Public
Finance Authority to issue bonds in an amount necessary to provide
funds appropriated by the legislature to develop and maintain
public research universities in this state of the highest tier.
SECTION ____. Notwithstanding Section 3 of this
Act, Section 61.0585, Education Code, as added by this Act, takes
effect January 1, 2010, but only if the constitutional amendment
proposed by the 81st Legislature, Regular Session, 2009, providing
for the issuance of general obligation bonds to provide funding to
develop and maintain research universities in this state of the
highest tier is approved by the voters. If that amendment is not
approved by the voters, Section 61.0585, Education Code, as added
by this Act, has no effect.