85R9299 KLA-D     By: Turner H.B. No. 1498       A BILL TO BE ENTITLED   AN ACT   relating to the appropriation of money from the economic   stabilization fund for maintenance and repairs at institutions of   higher education.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  (a)  The legislature finds, in part based on   information concerning deferred maintenance included in the annual   reports required by Section 61.05821, Education Code, that there is   a demonstrated need to fund previously deferred maintenance and   repairs of buildings and facilities at general academic and   health-related institutions of higher education.          (b)  In addition to other amounts appropriated to the Texas   Higher Education Coordinating Board for the state fiscal biennium   ending August 31, 2019, $500 million is appropriated out of the   economic stabilization fund to the Texas Higher Education   Coordinating Board for that state fiscal biennium for purposes of:                (1)  allocating, in the manner provided by Subsection   (c) of this section, a portion of the money to each institution of   higher education that was included in the board's 2012 report on   accumulated deferred maintenance needs at institutions of higher   education as having deferred necessary maintenance of the   institution's buildings and facilities; and                (2)  distributing the allocated amounts to those   institutions of higher education to be used during that state   fiscal biennium for previously deferred maintenance and repairs,   infrastructure support, and rehabilitation of buildings and   facilities at those institutions.          (c)  The Texas Higher Education Coordinating Board shall   allocate money to each institution of higher education described by   Subsection (b)(1) of this section in the proportion that the cost of   the deferred maintenance at that institution as specified in the   2012 report described by that subdivision bears to the total cost of   the deferred maintenance at all institutions of higher education as   specified in that report.          SECTION 2.  This Act takes effect September 1, 2017, but only   if the Act receives a vote of two-thirds of the members present in   each house of the legislature, as provided by Section 49-g(m),   Article III, Texas Constitution.