HBA-MPM H.B. 1726 76(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 1726 By: Krusee Public Education 4/20/1999 Introduced BACKGROUND AND PURPOSE Currently, a corporation may not issue bonds to charter schools in the same manner it does bonds for an institution of higher education. H.B. 1726 includes an authorized charter school for which a corporation may issue bonds to finance or refinance educational or housing facilities, in the same manner that the corporation may issue bonds for an institution of higher education. 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. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 53.02, Education Code, is amended by adding Subdivision (13), as follows: (13) Defines "authorized charter school" as an open-enrollment charter school that holds a charter granted under Subchapter D (Open-Enrollment Charter School), Chapter 12, Education Code. SECTION 2. Amends Section 53.48, Education Code, to include an authorized charter school for which a corporation created under Section 53.35(b) (Issuance of Bonds; Procedure; Etc./Statutes) may issue bonds to finance or refinance educational or housing facilities to be used by an accredited primary or secondary school, in the same manner that the corporation may issue bonds under this chapter for an institution of higher education. SECTION 3. Emergency clause. Effective date: upon passage.