HBA-MSH S.B. 1671 77(R)    BILL ANALYSIS


Office of House Bill AnalysisS.B. 1671
By: Jackson
Public Education
5/4/2001
Engrossed



BACKGROUND AND PURPOSE 

Current law does not authorize an independent school district to issue
bonds to purchase new school buses. Consequently, many school districts are
not able to purchase new buses to replace aging fleets or to increase
capacity.  Older buses emit more pollution and are subject to more
breakdowns and increased maintenance costs.  Senate Bill 1671 authorizes
school districts to issue bonds to raise the funds to purchase new school
buses.  

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. 

ANALYSIS

Senate Bill 1671 authorizes the governing body of an independent school
district to issue bonds for the purchase of new school buses. The bill also
removes the stipulation that bonds issued by the governing body of an
independent school district be negotiable coupon bonds.  

EFFECTIVE DATE

On passage, or if the Act does not receive the necessary vote, the Act
takes effect September 1, 2001.