HBA-JRA S.B. 1343 76(R) BILL ANALYSIS Office of House Bill AnalysisS.B. 1343 By: Bivins Public Education 5/6/1999 Engrossed 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. S.B. 1343 authorizes a corporation created under Section 53.35(b) (Issuance of Bonds; Procedure; Etc.) to issue bonds to finance or refinance educational or housing facilities to be used by an authorized charter school, in the same manner that a corporation is authorized to issue bonds under this chapter (Higher Education Authorities) 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 authorize a corporation created under Section 53.35(b) (Issuance of Bonds; Procedure; Etc.) to issue bonds to finance or refinance educational or housing facilities to be used by an authorized charter school, in the same manner that a corporation is authorized to issue bonds under this chapter (Higher Education Authorities) for an institution of higher education. SECTION 3. Emergency clause. Effective date: upon passage.