HBA-MPM H.B. 1726 76(R)    BILL ANALYSIS


Office of House Bill AnalysisH.B. 1726
By: Krusee
Public Education
4/20/1999
Introduced



BACKGROUND AND PURPOSE 

Currently, a corporation may not issue bonds to charter schools in the same
manner it does bonds for an institution of higher education.  H.B. 1726
includes an authorized charter school for which a corporation may issue
bonds to finance or refinance educational or housing facilities, in the
same manner that the corporation may issue bonds for an institution of
higher education. 

RULEMAKING AUTHORITY

It is the opinion of the Office of House Bill Analysis that this bill does
not expressly delegate any additional rulemaking authority to a state
officer, department, agency, or institution. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 53.02, Education Code, is amended by adding
Subdivision (13), as follows: 

(13) Defines "authorized charter school" as an open-enrollment charter
school that holds a charter granted under Subchapter D (Open-Enrollment
Charter School), Chapter 12, Education Code. 

SECTION 2.  Amends Section 53.48, Education Code, to include an authorized
charter school for which a corporation created under Section 53.35(b)
(Issuance of Bonds; Procedure; Etc./Statutes) may issue bonds to finance or
refinance educational or housing facilities to be used by an accredited
primary or secondary school, in the same manner that the corporation may
issue bonds under this chapter for an institution of higher education. 

SECTION 3.  Emergency clause.
  Effective date: upon passage.