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S.B. No. 480

AN ACT

relating to the definition of private or independent institution of
higher education applicable to certain statutes.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1.Subdivision (15), Section 61.003, Education
Code, is amended to read as follows:

(15)"Private or independent institution of higher
education" includes only a private or independent college or
university that is:

(A)organized under the Texas Non-Profit
Corporation Act (Article 1396-1.01 et seq., Vernon ’s Texas Civil
Statutes);

(B)exempt from taxation under Article VIII,
Section 2, of the Texas Constitution and Section 501(c)(3) of the
Internal Revenue Code of 1986 (26 U.S.C. Section 501); and

(C)accredited by:

(i)the Commission on Colleges of the
Southern Association of Colleges and Schools;

(ii)[or] the Liaison Committee on Medical
Education; or

(iii)the American Bar Association.

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. If this Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2007.

______________________________ ______________________________
President of the Senate      Speaker of the House

I hereby certify that S.B.ANo.A480 passed the Senate on
April 12, 2007, by the following vote:  Yeas 31, Nays 0.
______________________________
Secretary of the Senate

I hereby certify that S.B. No. 480 passed the House on
May 17, 2007, by the following vote: Yeas 143, Nays 0, two present not voting.
______________________________
Chief Clerk of the House
Approved:
______________________________
Date
______________________________
Governor