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Subcommittee moves bond bill (House Bill 2630) for UT Health Science medical building to full finance
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Summary
The Finance Ways and Means Subcommittee advanced House Bill 2630, a bond authorization for the UT Health Science College of Medicine building, with the state to issue $311 million in general obligation bonds and UT providing $29 million; the vote was 12–0.
The Finance Ways and Means Subcommittee voted unanimously, 12–0, to move House Bill 2630 to the full finance committee on April 15. Chairman Hicks said the bond bill would authorize general obligation bonds for the year and specifically bond for the UT Health Science College of Medicine building.
Hicks told members that "UT is providing $29,000,000 for this project, and the state is issuing $311,000,000 in general obligation bonds." He also noted that, as with prior bond bills, the authorization is a procedural step that does not necessarily mean bonds will be issued immediately.
The committee recorded a unanimous vote and sent HB 2630 to full finance for further consideration.
