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Relating to authorizing the issuance of revenue bonds to fund capital projects at public institutions of higher education.
Estimated Two-year Net Impact to General Revenue Related Funds for HB 2000, Committee Report 1st House, Substituted: a negative impact of ($660,100,240) through the biennium ending August 31, 2021.
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 2000 would authorize the issuance of an additional $3.8 billion in tuition-revenue bonds to various public universities in Texas for capital construction projects. The construction projects would include building improvements for certain universities around the state. As the fiscal note mentions, this would cost the state $660 million in debt service payments.
This legislation grows the size and scope of government at great cost to taxpayers. For this reason we oppose HB 2000.