Press Release
From the Office of State Senator Rodney Ellis

For Immediate Release
May 22, 2006
Contact: Kenneth Besserman, 512-463-0113

Senator Ellis and Representative Coleman Applaud Tuition Revenue Bond Legislation

Austin, TX - Senator Rodney Ellis (D-Houston) and Representative Garnet Coleman(D-Houston) are pleased to announce that Texas Southern University, University of Houston and University of Houston-Downtown received approval to issue tuition revenue bonds for their priority projects. All three state universities are located in Senate District 13 and House District 147.

"I fought hard to ensure the state universities in Senate District 13 received authorization to issue over $220.7 million in tuition revenue bonds to invest in education and to assist universities in constructing quality educational facilities that will provide quality higher education opportunities to our citizens," said Senator Ellis.

"These projects will help Texas Southern, the University of Houston, and the University of Houston-Downtown provide an excellent education for their students for generations to come," said Rep. Coleman. "I will continue to fight for improvements for these institutions that are so important to the future of our community."

Ellis and Coleman worked hard together to ensure that all three universities received the permission to issue bonds on the projects that each University's Boards of Regents had chosen as their priority. Texas Southern University received permission to issue $31.5 million in tuition revenue bonds for the School of Science and Technology. The University of Houston received permission to issue $57.6 million in tuition revenue bonds to renovate the Science Laboratories. The University of Houston-Downtown received permission to issue $31.6 million in tuition revenue bonds for a new classroom building.

In addition, other two universities in Senate District 13 received approval to issue tuition revenue bonds. The University of Texas Health Science Center at Houston received permission to issue $60 million in tuition revenue bonds for a replacement Dental Building and the University of Texas M.D. Anderson Cancer Center received permission to issue $40 million in tuition revenue bonds for the Center for Targeted Therapy Research Building.

      

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