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Relating to authorizing the issuance of revenue bonds to fund
capital projects at certain public institutions of higher
education.
Estimated Two-year Net Impact to General Revenue Related Funds for HB1530, Committee Report 1st House, Substituted: a negative impact of ($685,080,961) through the biennium ending August 31, 2023. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
HB 1530 would allow nine additional institutes of higher education to issue a total of $4.3 billion in revenue bonds to fund
capital projects.
Texas Action is opposed to HB 1530 on the principle of limited government. This bill would add to the local debt crisis in Texas and serve to drive up the already exorbitant cost of higher education.
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