88R3845 KJE-D     By: Perry S.J.R. No. 26       A JOINT RESOLUTION   proposing a constitutional amendment to entitle all component   institutions of The Texas A&M University System and The University   of Texas System to participate in the income and other benefits of   the permanent university fund.          BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 18, Article VII, Texas Constitution, is   amended by amending Subsections (a) and (b) and adding Subsection   (a-1) to read as follows:          (a)  The Board of Regents of The Texas A&M University System   may issue bonds and notes not to exceed a total amount of 10 percent   of the cost value of the investments and other assets of the   permanent university fund (exclusive of real estate) at the time of   the issuance thereof, and may pledge all or any part of its   one-third interest in the available university fund to secure the   payment of the principal and interest of those bonds and notes, for   the purpose of acquiring land either with or without permanent   improvements, constructing and equipping buildings or other   permanent improvements, major repair and rehabilitation of   buildings and other permanent improvements, acquiring capital   equipment and library books and library materials, and refunding   bonds or notes issued under this Section or prior law, at or for The   Texas A&M University System administration and all [the following]   component institutions of the system[:                [(1) Texas A&M University, including its medical   college which the legislature may authorize as a separate medical   institution;                [(2) Prairie View A&M University, including its   nursing school in Houston;                [(3) Tarleton State University;                [(4) Texas A&M University at Galveston;                [(5) Texas Forest Service;                [(6) Texas Agricultural Experiment Stations;                [(7) Texas Agricultural Extension Service;                [(8) Texas Engineering Experiment Stations;                [(9) Texas Transportation Institute; and                [(10) Texas Engineering Extension Service].          (a-1)  In applying a portion of its one-third interest in the   available university fund to the payment of the principal of and   interest on bonds and notes issued under Subsection (a) of this   section, the Board of Regents of The Texas A&M University System   shall include sufficient funds to pay the principal of and interest   on all bonds and notes, including refunding bonds and notes,   previously issued for the benefit of component institutions of the   system under Section 17(b) of this article.          (b)  The Board of Regents of The University of Texas System   may issue bonds and notes not to exceed a total amount of 20 percent   of the cost value of investments and other assets of the permanent   university fund (exclusive of real estate) at the time of issuance   thereof, and may pledge all or any part of its two-thirds interest   in the available university fund to secure the payment of the   principal and interest of those bonds and notes, for the purpose of   acquiring land either with or without permanent improvements,   constructing and equipping buildings or other permanent   improvements, major repair and rehabilitation of buildings and   other permanent improvements, acquiring capital equipment and   library books and library materials, and refunding bonds or notes   issued under this section or prior law, at or for The University of   Texas System administration and all [the following] component   institutions of the system[:                [(1)  The University of Texas at Arlington;                [(2)  The University of Texas at Austin;                [(3)  The University of Texas at Dallas;                [(4)  The University of Texas at El Paso;                [(5)  The University of Texas of the Permian Basin;                [(6)  The University of Texas at San Antonio;                [(7)  The University of Texas at Tyler;                [(8)  The University of Texas Health Science Center at   Dallas;                [(9)  The University of Texas Medical Branch at   Galveston;                [(10)  The University of Texas Health Science Center at   Houston;                [(11)  The University of Texas Health Science Center at   San Antonio;                [(12)  The University of Texas System Cancer Center;                [(13)  The University of Texas Health Center at Tyler;   and                [(14)  The University of Texas Institute of Texan   Cultures at San Antonio].          SECTION 2.  Section 17(b), Article VII, Texas Constitution,   is amended to read as follows:          (b)  The funds appropriated under Subsection (a) of this   section shall be for the use of the following eligible agencies and   institutions of higher education (even though their names may be   changed):                (1)  [East Texas State University including East Texas   State University at Texarkana;                [(2)]  Lamar University including Lamar State   College—Orange [University at Orange] and Lamar State College—Port   Arthur [University at Port Arthur];                (2) [(3)]  Midwestern State University;                (3) [(4)]  University of North Texas;                (4) [(5)  The University of Texas--Pan American   including The University of Texas at Brownsville;                [(6)]  Stephen F. Austin State University;                (5) [(7)]  Texas College of Osteopathic Medicine;                (6) [(8)]  Texas State University System   Administration and the following component institutions:                (7) [(9)]  Sam Houston State University;                (8) [(10)  Southwest] Texas State University;                (9) [(11)]  Sul Ross State University including Rio   Grande College [Uvalde Study Center];                (10) [(12)]  Texas Southern University;                (11) [(13)]  Texas Tech University;                (12) [(14)]  Texas Tech University Health Sciences   Center;                (13) [(15)]  Angelo State University;                (14) [(16)]  Texas Woman's University;                (15) [(17)]  University of Houston System   Administration and the following component institutions:                (16) [(18)]  University of Houston;                (17) [(19)]  University of Houston--Victoria;                (18) [(20)]  University of Houston--Clear Lake;                (19) [(21)]  University of Houston--Downtown; and                (20) [(22)  Texas A&M University--Corpus Christi;                [(23)  Texas A&M International University;                [(24)  Texas A&M University--Kingsville;                [(25)  West Texas A&M University; and                [(26)]  Texas State Technical College System and its   campuses, but not its extension centers or programs.          SECTION 3.   Article VII, Texas Constitution, is amended by   adding Section 17A to read as follows:          Sec. 17A.  TEMPORARY PROVISION.  (a) The transfer of   component institutions of The Texas A&M University System from   Section 17 of this article to Section 18 of this article by the   constitutional amendment proposed by the 88th Legislature, Regular   Session, 2023, applies beginning with the state fiscal year that   begins September 1, 2024.          (b)  Beginning with the state fiscal year that begins   September 1, 2024, the funds allocated as provided by Section 17(d)   of this article to the component institutions of The Texas A&M   University System shall be allocated to the other agencies and   institutions eligible to receive funds under Section 17 of this   article in proportion to the other funds allocated to those   agencies and institutions as provided by Section 17(d) of this   article, until the legislature or designated agency eliminates the   component institutions of The Texas A&M University System from the   formula and allocations made under Section 17(d) of this article.          (c)  This section expires September 1, 2031.          SECTION 4.   This proposed constitutional amendment shall be   submitted to the voters at an election to be held November 7, 2023.   The ballot shall be printed to permit voting for or against the   following proposition: "The constitutional amendment to entitle   all component institutions of The Texas A&M University System and   The University of Texas System to participate in the income and   other benefits of the permanent university fund."