House signals approval for campus construction bonds

Tim Goral's picture
Wednesday, May 22, 2013

The Texas House gave tentative approval to billions of dollars in bonds for campus construction projects on Monday. Senators already gave the go-ahead, but they will have a chance to revisit the proposal, because the House increased the total from about $2.4 billion to nearly $2.7 billion.

“These tuition revenue bonds are absolutely critical to our universities,” said state Rep. Rene Oliveira, D-Brownsville, adding, “The concern that we may be having to pay for part of it is fine, but the reality of it is, it’s a small investment.”

The Legislature is typically expected to pass a package of what are known as “tuition revenue bonds” — they don’t actually have anything to do with tuition — every other regular session, but no such authorizations have been made since 2006. Meanwhile the wish list of new facilities for higher education around the state has grown.

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