TITLE: Relating to authorization for the conveyance of certain real property from Texas Tech University to Texas Tech University Health Sciences Center.

SUMMARY: Relating to authorization for the conveyance of certain real property from Texas Tech University to Texas Tech University Health Sciences Center.

FULL TEXT:
AN ACT relating to authorization for the conveyance of certain real property from Texas Tech University to Texas Tech University Health Sciences Center. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter B, Chapter 109, Education Code, is amended by adding Section 109.0541 to read as follows: Sec. 109.0541. AUTHORIZATION FOR CONVEYANCE OF CERTAIN TEXAS TECH UNIVERSITY REAL PROPERTY TO TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER. Notwithstanding Section 109.054, the board may execute a conveyance of real property that is part of the original main campus of Texas Tech University in Lubbock, Lubbock County, to Texas Tech University Health Sciences Center under terms and conditions that the board determines are in the best interest of both institutions. The transaction must be in the form of an agreement and appropriate conveyancing documents between the two institutions. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.