HBA-MPM H.B. 2919 76(R)    BILL ANALYSIS


Office of House Bill AnalysisH.B. 2919
By: Dunnam
Public Education
4/20/1999
Introduced



BACKGROUND AND PURPOSE 

Currently, the warrants described in this section (Interest-Bearing Time
Warrants) are required to mature in serial installments of no more than
five years from their date of issue.  H.B. 2919 sets the time limit for
maturation at 10 years, rather than five. 

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 45.103(a), Education Code, to require the
warrants described in this section (Interest-Bearing Time Warrants) to
mature in serial installments of no more than 10, rather than five, years
from their date of issue. 

SECTION 2.Emergency clause.
  Effective date: upon passage.