CHAPTER 55. FINANCING PERMANENT IMPROVEMENTS
EDUCATION CODE
TITLE 3. HIGHER EDUCATION
SUBTITLE A. HIGHER EDUCATION IN GENERAL
CHAPTER 55. FINANCING PERMANENT IMPROVEMENTS
SUBCHAPTER A. GENERAL PROVISIONS
Sec. 55.01. DEFINITIONS. In this chapter:
(1) "Institution of higher education" or "institution" has the
meaning assigned to it by Section 61.003(7) of this code, except
that "public junior college" is excluded.
(2) "Governing board" or "board" means the board having
management and control of an institution of higher education.
(3) "Revenue funds" means the revenues, incomes, receipts,
rentals, rates, charges, fees, grants, and tuition levied or
collected from any public or private source by an institution of
higher education, including interest or other income from those
funds.
(4) "Bonds" means bonds, notes, or credit agreements a board is
authorized to enter into either by this title or by other laws.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff.
Sept. 1, 1971. Amended by Acts 1993, 73rd Leg., ch. 803, Sec. 1,
eff. Sept. 1, 1993; Acts 1997, 75th Leg., ch. 1073, Sec. 1.04,
eff. Aug. 1, 1997.
Sec. 55.02. SYSTEMWIDE REVENUE FINANCING PROGRAM. (a) The
governing board of a university system may establish a systemwide
revenue financing program to provide funds to acquire, purchase,
construct, improve, renovate, enlarge, or equip property,
buildings, structures, facilities, roads, or related
infrastructure at an institution, branch, or entity of the
university system.
(b) The governing board may issue bonds or notes in accordance
with this chapter for any purpose authorized by law as part of
the systemwide revenue financing program.
(c) The governing board may pledge to the payment of any bonds
or notes issued as part of the systemwide revenue financing
program all or any part of the revenue funds of an institution,
branch, or entity of the university system.
(d) In this section, "university system" has the meaning
assigned by Section 61.003 of this code.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 2, eff. Sept. 1,
1993.
Sec. 55.03. MINORITY-OWNED AND WOMEN-OWNED BUSINESSES. (a) The
board of regents of each institution of higher education shall
make a good-faith effort to award to minority-owned and
women-owned businesses:
(1) contracts relating to the issuance of bonds by the board
under this chapter in the amount of at least 25 percent of the
total costs of issuing those bonds; and
(2) contracts for the items to be financed by bonds issued by
the board in the amount of at least 25 percent of the proceeds of
those bonds.
(b) Not later than October 31 of each academic year, the board
of regents shall file with the governor and each house of the
legislature a written report containing the following information
for the previous academic year for all businesses, minority-owned
businesses and women-owned businesses, classified by gender and
minority group status:
(1) the total number of contracts relating to the issuance of
bonds by the board under this chapter and to the items to be
financed by those bonds;
(2) the total dollar amount the board of regents must pay under
each contract described by Subdivision (1) of this subsection;
and
(3) the total number of businesses submitting bids or proposals
relating to the issuance of bonds by the board under this chapter
and to the items to be financed by those bonds.
(c) In this section:
(1) "Minority-owned business" means a business entity at least
51 percent of which is owned by members of a minority group or,
in the case of a corporation, at least 51 percent of the shares
of which are owned by members of a minority group, and that is
managed and controlled by members of a minority group in its
daily operations.
(2) "Minority group" includes:
(A) African Americans;
(B) American Indians;
(C) Asian Americans; and
(D) Mexican Americans and other Americans of Hispanic origin.
(3) "Women-owned business" means a business entity at least 51
percent of which is owned by women or, in the case of a
corporation, at least 51 percent of the shares of which are owned
by women, and that is managed and controlled by women in its
daily operations.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 2, eff. Sept. 1,
1993.
Sec. 55.04. CUMULATIVE EFFECT. (a) The authority to issue
bonds under this chapter is cumulative of all other authority to
issue bonds. The governing board of an institution of higher
education may issue bonds under that other authority or may issue
bonds under the authority of this chapter.
(b) This chapter is sufficient authority for a governing board
of an institution of higher education to issue bonds under this
chapter and to perform all other acts and procedures authorized
by this chapter.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 2, eff. Sept. 1,
1993.
SUBCHAPTER B. REVENUE BONDS AND FACILITIES
Sec. 55.11. GENERAL AUTHORITY. Each board is authorized to
acquire, purchase, construct, improve, enlarge, equip, operate,
and/or maintain any property, buildings, structures, activities,
services, operations, or other facilities, for and on behalf of
its institution or institutions, or any branch or branches
thereof.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff.
Sept. 1, 1971.
Sec. 55.12. CONTRACTS FOR JOINT CONSTRUCTION. Each board may
enter into contracts with municipalities or school districts for
the joint construction of museums, libraries, or other buildings.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff.
Sept. 1, 1971.
Sec. 55.13. AUTHORITY TO ISSUE REVENUE BONDS. (a) For the
purpose of providing funds to acquire, purchase, construct,
improve, enlarge, and/or equip any property, buildings,
structures, activities, services, operations, or other
facilities, for and on behalf of its institution or institutions,
or any branch or branches thereof, each board may issue its
revenue bonds from time to time and in one or more issue or
series, to be payable from and secured by liens on and pledges of
all or any part of any of the revenue funds of the board and its
institution or institutions, or any branch or branches of any of
its institutions.
(b) With respect to all institutions the Texas Public Finance
Authority shall exercise the authority of a board to issue
revenue bonds on behalf of such institution or institutions, or
any branch or branches thereof, in the manner provided by this
subchapter, including the authority to issue refunding bonds
under Section 55.19 of this code. In connection with the issuance
of bonds under this chapter, the Texas Public Finance Authority
has all of the rights and duties granted or assigned to and is
subject to the same conditions as a board under this chapter.
This subsection does not apply to The University of Texas System,
The Texas A & M University System, or a component of those
systems to an institution authorized to issue bonds under Article
VII, Section 17, of the Texas Constitution, or to bonds
authorized to be issued by any of those systems, components, or
institutions.
(c) Notwithstanding any other provision of this section, with
respect to all bonds authorized to be issued by Midwestern State
University, Stephen F. Austin State University, or Texas Southern
University, the Texas Public Finance Authority shall exercise the
authority of a board to issue bonds on behalf of those
institutions, in the manner provided by this subchapter,
including the authority to issue refunding bonds under Section
55.19. In connection with the issuance of bonds under this
chapter, the Texas Public Finance Authority has all the rights
and duties granted or assigned to and is subject to the same
conditions as a board under this chapter.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff.
Sept. 1, 1971. Amended by Acts 1991, 72nd Leg., 1st C.S., ch. 4,
Sec. 14.01, eff. Jan. 1, 1992; Acts 1997, 75th Leg., ch. 294,
Sec. 10, eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1073, Sec.
2.01, eff. Aug. 1, 1997.
Sec. 55.14. TERMS AND CONDITIONS. (a) The bonds may be issued
to mature serially or otherwise within not to exceed 50 years
from their date, and each board may provide for the subsequent
issuance of additional parity bonds, or subordinate lien bonds,
under any terms or conditions that may be set forth in the
resolution authorizing the issuance of the bonds.
(b) The bonds, and any interest coupons appertaining thereto,
are and shall constitute negotiable instruments within the
meaning and for all purposes of the Texas Uniform Commercial Code
(provided that the bonds may be issued registrable as to
principal alone or as to both principal and interest), and shall
be executed, and may be made redeemable prior to maturity, and
may be issued in such form, denominations, and manner, and under
such terms, conditions, and details, and may be sold in such
manner, at such price, and under such terms, and said bonds shall
bear interest at such rates, all as shall be determined and
provided by the board in the resolution authorizing the issuance
of the bonds.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff.
Sept. 1, 1971.
Sec. 55.15. DISPOSITION OF BOND PROCEEDS. Proceeds from the
sale of the bonds may be used for paying interest on the bonds
during the period of the acquisition or construction of any
facilities to be provided through the issuance of the bonds, and
for providing a reserve for the payment of the principal of and
interest on the bonds, and such proceeds may be placed on time
deposit or invested, until needed, to the extent, and in the
manner provided, in the bond resolution.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff.
Sept. 1, 1971.
Sec. 55.16. BOARD RESPONSIBILITY. (a) Each board shall be
authorized to fix and collect rentals, rates, and charges from
students and others for the occupancy, services, use, and/or
availability of all or any of its property, buildings,
structures, activities, operations, or other facilities as
provided by this section.
Text of subsec. (b) as amended by Acts 2001, 77th Leg., ch. 769,
Sec. 13
(b) Unless it is expressly provided by law that specified funds
under the control of a board are not considered revenue funds, a
provision in this title or another law that limits the purpose
for which funds under the control of the board may be spent does
not impair a board's ability to pledge and use all revenue funds
under the board's control to secure and pay obligations of the
board under this chapter or other law.
Text of subsec. (b) as amended by Acts 2001, 77th Leg., ch. 1432,
Sec. 2
(b) Unless expressly provided by law that specified money under
the control of a board is not considered revenue funds, a
provision of this title or another law that limits the purposes
for which money under the control of the board may be spent does
not impair the board's authority to pledge and use any revenue or
money under the board's control to secure or pay obligations of
the board under this chapter or other law.
Text of subsec. (c) as amended by Acts 2001, 77th Leg., ch. 769,
Sec. 13
(c) A board shall fix each rental, rate, charge, or fee that the
board has authority under this title to fix in an amount
determined to be necessary to pay or provide, for each activity
or service, all associated capital costs, including debt service,
operation and maintenance costs, including associated overhead
costs of a system or institution, and prudent reserves. Except as
otherwise provided by Subsection (e), this section does not
authorize a board to impose a rental, rate, charge, or fee at an
amount exceeding a limit imposed by another provision of this
title.
Text of subsec. (c) as amended by Acts 2001, 77th Leg., ch. 1432,
Sec. 2
(c) A board shall fix each rental, rate, charge, or fee that the
board is authorized by this title to fix in an amount the board
determines necessary to pay or provide, for each activity or
service for which the rental, rate, charge, or fee is imposed,
all associated capital costs, including debt service, operation
and maintenance costs, including associated overhead costs of a
system or institution, and prudent reserves. Except as otherwise
provided by Subsection (e), this section does not authorize a
board to impose a rental, rate, charge, or fee in an amount that
exceeds any applicable limit imposed by another provision of this
title.
Text of subsec. (d) as amended by Acts 2001, 77th Leg., ch. 769,
Sec. 13
(d) For billing and reporting purposes, a board shall accumulate
all mandatory fees or charges provided for by this section or
Chapter 54 as a separate facilities and services charge.
Text of subsec. (d) as amended by Acts 2001, 77th Leg., ch. 1432,
Sec. 2
(d) For billing and reporting purposes, a governing board may
accumulate all mandatory fees or charges authorized by this
section or by Chapter 54 as a separate facilities and services
charge.
(e) If bonds have been or are issued pursuant to this title, or
secured or to be secured by a pledge of part or all of the
board's revenue funds, and if, at the time of authorizing the
issuance of the bonds, (1) the estimated maximum amount per
semester hour of such pledged revenue funds (based on then
current enrollment and conditions) during any future semester
necessary to provide for the payment of the principal of and
interest on the bonds when due, together with (2) the aggregate
amount of all such pledged revenue funds which were levied on a
semester hour basis for the then current semester to pay the
principal of and interest on all previously issued bonds, do not
exceed the amount permitted by this title, then any necessary
fees, tuition, rentals, rates, or other charges constituting
revenue funds shall be levied and collected when and to the
extent required by the resolution authorizing the issuance of the
bonds in any amount required to provide revenue funds sufficient
for the payment of the principal of and interest on the bonds,
regardless of any other provision or limitation provided by this
title.
(f) A board is not required to charge students enrolled in
different degree programs at the institution the same rentals,
rates, charges, and fees under this section.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff.
Sept. 1, 1971. Amended by Acts 1973, 63rd Leg., p. 1759, ch. 641,
Sec. 1, eff. Aug. 27, 1973; Acts 1975, 64th Leg., p. 1245, ch.
469, Sec. 1, eff. June 19, 1975; Acts 1989, 71st Leg., ch. 716,
Sec. 1, eff. June 14, 1989; Acts 1991, 72nd Leg., ch. 839, Sec.
1, eff. Aug. 26, 1991; Acts 1993, 73rd Leg., ch. 327, Sec. 1,
eff. May 29, 1993; Acts 1995, 74th Leg., ch. 757, Sec. 7, eff.
June 16, 1995; Acts 1997, 75th Leg., ch. 1073, Sec. 1.05, eff.
Aug. 1, 1997; Acts 2001, 77th Leg., ch. 769, Sec. 13, eff. Sept.
1, 2001; Acts 2001, 77th Leg., ch. 1432, Sec. 2, eff. Sept. 1,
2001.
Sec. 55.17. PLEDGES; PARIETAL RULES; TYPES OF FEES; ADDITIONAL
PLEDGE OF RESOURCES; ACQUISITION, ETC. OF PROPERTY; REVENUE
BONDS. (a) Each board may pledge all or any part of its revenue
funds to the payment of the bonds, including the payment of
principal, interest, and any other amounts required or permitted
in connection with the bonds. The pledged revenue funds shall be
fixed and collected in amounts that will be at least sufficient
to provide for all payments of principal, interest, and any other
amounts required in connection with the bonds and, to the extent
required by the resolution authorizing the issuance of the bonds,
to provide for the payment of expenses in connection with the
bonds and for the payment of operation, maintenance, and other
expenses in connection with the aforesaid property, buildings,
structures, activities, services, operations, or other
facilities.
(b) Each board may establish and enforce parietal rules for
students and others, and enter into agreements regarding
occupancy, use, and availability of facilities, and the amounts
and collection of pledged revenue funds that will assure making
all the required payments and deposits.
(c) Tuition, rentals, rates, and other charges of an institution
of higher education authorized by this title may be pledged to
the payment of the bonds and shall be fixed and collected from
all or any designated part of the students enrolled in the
institution or institutions, or any branch or branches thereof,
in the amounts and in the manner as determined and provided by
the board in the resolution authorizing the issuance of the
bonds; and said tuition, rentals, rates, and other charges may be
collected in the full amounts required or permitted herein,
without regard to actual use, availability, or existence of any
facility, commencing at any time designated by the board. Such
tuition, rentals, rates, and other charges may be fixed and
collected, and pledged to the payment of any issue or series of
bonds issued by the board, in the full amounts required or
permitted herein, in addition to, and regardless of the existence
of, any other specific or general fees at the institution or
institutions, or any branch or branches thereof; provided that
each board may restrict its power to pledge such additional
tuition, rentals, rates, or other charges in any manner that may
be provided in any resolution authorizing the issuance of bonds,
and provided that no such additional tuition, rentals, rates, or
other charges shall be pledged if prohibited by any resolution
which authorized the issuance of any then outstanding bonds.
(d) Repealed by Acts 1997, 75th Leg., ch. 1073, Sec. 1.06, eff.
Aug. 1, 1997.
(e)(1) The board of regents of Texas Tech University, acting
separately and independently for and on behalf of Texas Tech
University and separately and independently for and on behalf of
the Texas Tech University Health Sciences Center, is hereby
granted full and final authority and responsibility to acquire,
purchase, construct, improve, renovate, enlarge, or equip
property, buildings, structures, facilities, roads, or related
infrastructure for Texas Tech University and the Texas Tech
University Health Sciences Center.
(2) The board of regents of Texas Tech University, acting
separately and independently for and on behalf of Texas Tech
University and separately and independently for and on behalf of
the Texas Tech University Health Sciences Center, may pledge
irrevocably to the payment of its revenue bonds all or any part
of the aggregate amount of student tuition charges required or
authorized by law to be imposed on students enrolled at Texas
Tech University and/or at the Texas Tech University Health
Sciences Center; and the amount of any pledge so made shall never
be reduced or abrogated while such bonds are outstanding;
provided, however, that such tuition charges shall not be pledged
pursuant to the authority granted by this Subsection (e)(2)
except to the payment of bonds issued in an aggregate principal
amount of not to exceed $35 million for the purpose of providing
funds to acquire, purchase, construct, improve, renovate,
enlarge, or equip property, buildings, structures, facilities,
roads, or related infrastructure for the Texas Tech University
Health Sciences Center.
(3) In addition to the authority granted by Sections 55.13,
55.14, 55.17, and 55.19 of this code, the board of regents of
Texas Tech University and the Texas Tech University Health
Sciences Center may issue bonds in accordance with this
subchapter and in accordance with a systemwide revenue financing
program adopted by the board in an additional aggregate principal
amount not to exceed $25 million to finance the items listed
under Subdivision (1) of this subsection. The board may pledge
irrevocably to the payment of those bonds all or any part of the
revenue funds of Texas Tech University or Texas Tech University
Health Sciences Center, including student tuition charges
required or authorized by law to be imposed on students enrolled
at Texas Tech University or at the Texas Tech University Health
Sciences Center. The amount of a pledge made under this
subdivision may not be reduced or abrogated while the bonds for
which the pledge is made, or bonds issued to refund those bonds,
are outstanding.
(4) In addition to the other authority granted by this
subchapter, the board of regents of Texas Tech University and the
Texas Tech University Health Sciences Center may issue bonds in
accordance with this subchapter and in accordance with a
systemwide revenue financing program adopted by the board to
finance the items listed under Subdivision (1) of this subsection
in an additional aggregate principal amount for Texas Tech
University not to exceed $30 million, and in an additional
aggregate principal amount for the Texas Tech University Health
Sciences Center not to exceed $32.5 million. The board may pledge
irrevocably to the payment of those bonds all or any part of the
revenue funds of Texas Tech University or the Texas Tech
University Health Sciences Center, including student tuition
charges required or authorized by law to be imposed on students
enrolled at Texas Tech University or at the Texas Tech University
Health Sciences Center. The amount of a pledge made under this
subdivision may not be reduced or abrogated while the bonds for
which the pledge is made, or bonds issued to refund those bonds,
are outstanding. Of the proceeds of bonds authorized by this
subdivision for the Texas Tech University Health Sciences Center,
$2.5 million may be used only to build and equip a surgical and
medical facility in the Midland County Hospital District for a
cardiology residency program.
(f)(1) The board of regents of The University of Texas System is
hereby granted full and final authority and responsibility to
acquire, purchase, construct, improve, enlarge, and/or equip
property, buildings, structures, and/or facilities for The
University of Texas at Dallas, The University of Texas of the
Permian Basin, The University of Texas at San Antonio, The
University of Texas Medical School at Houston, The University of
Texas Dental School at San Antonio, The University of Texas
(Undergraduate) Nursing School at El Paso, and The University of
Texas (Clinical) Nursing School at San Antonio.
(2) The board of regents of The University of Texas System may
pledge irrevocably to the payment of its revenue bonds all or any
part of the aggregate amount of student tuition charges required
or authorized by law to be imposed on students enrolled at each
and every institution, branch, and school operated by or under
the jurisdiction of said board of regents of The University of
Texas System; and the amount of any pledge so made shall never be
reduced or abrogated while such bonds are outstanding; provided,
however, that such tuition charges shall not be pledged pursuant
to the authority granted by this Subsection (f)(2) except to the
payment of bonds issued in an aggregate principal amount of not
to exceed $150 million for the purpose of providing funds to
acquire, purchase, construct, improve, enlarge, and/or equip
property, buildings, structures, and facilities for The
University of Texas at Dallas, The University of Texas of the
Permian Basin, The University of Texas at San Antonio, The
University of Texas Medical School at Houston, The University of
Texas Dental School at San Antonio, The University of Texas
(Undergraduate) Nursing School at El Paso, and The University of
Texas (Clinical) Nursing School at San Antonio.
(g) The board of regents of The University of Texas System, The
Texas A & M University System, or Texas Tech University may
not issue bonds under this section pursuant to its systemwide
revenue financing program for the benefit of an institution under
its governance unless the board determines before issuing the
bonds that the institution is reasonably expected to have the
financial resources necessary to meet its obligations with
respect to the bonds without using the resources of any other
institution under the governance of the board. This subsection
does not decrease the authority of a board of regents to enter
into pledges or covenants with respect to bonds, notes, or other
obligations under law existing before the effective date of this
subsection.
(h) Subsections (a) through (g) of this section are cumulative
of all other laws on the subject, but they shall be wholly
sufficient authority for the issuance of the bonds and the
performance of the acts and procedures, and the exercise of the
powers granted and authorized thereby, regardless of any
restrictions or limitations contained in any other laws; and when
any bonds are being issued or any acts or procedures are being
undertaken, or any powers being exercised pursuant to those
subsections, then to the extent of any conflict or inconsistency
between any provisions of those subsections, and any provision of
any other law, the provisions of those subsections shall prevail
and control.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff.
Sept. 1, 1971. Amended by Acts 1971, 62nd Leg., p. 3335, ch.
1024, art. 2, Sec. 1, eff. Sept. 1, 1971; Acts 1993, 73rd Leg.,
ch. 803, Sec. 3, eff. Sept. 1, 1993; Acts 1995, 74th Leg., ch.
757, Sec. 8, eff. June 16, 1995; Acts 1997, 75th Leg., ch. 748,
Sec. 1, eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1073, Sec.
1.06, 2.02, eff. Aug. 1, 1997.
Sec. 55.171. SPECIFIC INSTITUTIONS. (a) The board of regents
of the University of Houston may acquire, purchase, construct,
improve, enlarge, and equip property, buildings, structures, and
facilities for the University of Houston at Clear Lake City, and
for these purposes may request the Texas Public Finance Authority
to issue revenue bonds on behalf of the University of Houston
pursuant to this subchapter. The board may pledge irrevocably to
the payment of these revenue bonds all or any part of the
aggregate amount of student tuition charges required or
authorized by law to be imposed on students enrolled at the
University of Houston or the University of Houston at Clear Lake
City, or both; and the amount of any pledge so made shall never
be reduced or abrogated while the bonds are outstanding. However,
the tuition charges shall not be pledged pursuant to the
authority granted by this subsection except to the payment of
bonds issued in an aggregate principal amount not to exceed $40
million for the purpose of providing funds to acquire, purchase,
construct, improve, enlarge, and equip property, buildings,
structures, and facilities for the University of Houston at Clear
Lake City.
(b) The board of directors of the Texas A & M University
System may acquire, purchase, construct, improve, enlarge, and
equip property, buildings, structures, and facilities for Texas A
& M University at Galveston, and for these purposes may issue
revenue bonds pursuant to this subchapter. The board may pledge
irrevocably to the payment of these revenue bonds all or any part
of the aggregate amount of student tuition charges required or
authorized by law to be imposed on students enrolled at Texas A
& M University and Texas A & M University at Galveston;
and the amount of any pledge so made shall never be reduced or
abrogated while the bonds are outstanding. However, the tuition
charges shall not be pledged pursuant to the authority granted by
this subsection except to the payment of bonds issued in an
aggregate principal amount not to exceed $7.5 million for the
purpose of providing funds to acquire, purchase, construct,
improve, enlarge, and equip property, buildings, structures, and
facilities for Texas A & M University at Galveston.
(c) Tuition revenue of Prairie View A & M College and
Tarleton State College is specifically exempted from being
pledged under the provisions of this bill.
(d) It is provided, however, that no bonds shall be issued
hereunder and no tuition shall be pledged thereto unless and
until the specific terms and provisions of said bonds and pledge
have been first approved by the Coordinating Board, Texas College
and University System, in accordance with rules and regulations
regarding that subject adopted, published and heard in accordance
with Section 61.027 of this code.
Added by Acts 1973, 63rd Leg., p. 345, ch. 145, Sec. 1, eff. Aug.
27, 1973. Amended by Acts 1981, 67th Leg., p. 3052, ch. 799, Sec.
3, eff. June 17, 1981; Acts 1991, 72nd Leg., 1st C.S., ch. 4,
Sec. 14.02, eff. Jan. 1, 1992.
Sec. 55.1711. TEXAS A&M UNIVERSITY--CORPUS CHRISTI. (a)
The board of regents of The Texas A&M University System may
acquire, purchase, construct, improve, enlarge, and equip
property, buildings, structures, and facilities for Texas A&M
University--Corpus Christi, including a classroom, a laboratory,
and an office facility; a central heating and air conditioning
plant; roads, sidewalks, landscaping, and related infrastructure;
and a physical education instructional facility. The board may
finance said facilities through the issuance of bonds pursuant to
this subchapter and in accordance with its existing system-wide
revenue financing program and may pledge irrevocably to the
payment of such bonds all or any part of the aggregate amount of
student tuition charges required or authorized by law to be
imposed on students enrolled at Texas A&M University--Corpus
Christi; and the amount of any pledge so made shall never be
reduced or abrogated while such bonds, or bonds issued to refund
such bonds, are outstanding. Bonds issued pursuant to this
subsection may not be issued in an aggregate principal amount
exceeding $30 million.
(b) The bonds issued hereunder and the facilities financed
thereby shall be subject to all approvals then required by law.
Added by Acts 1991, 72nd Leg., ch. 438, Sec. 1, eff. June 8,
1991. Amended by Acts 1997, 75th Leg., ch. 126, Sec. 1, eff. May
19, 1997.
Sec. 55.1712. TEXAS A & M INTERNATIONAL UNIVERSITY. (a)
The board of regents of The Texas A & M University System may
acquire, purchase, construct, improve, enlarge, and equip
property, buildings, structures, facilities, roads, and related
infrastructure for Texas A & M International University.
(b) The board may finance those items listed under Subsection
(a) of this section through the issuance of bonds under this
subchapter and in accordance with its existing system-wide
revenue financing program. The board may pledge irrevocably to
the payment of those bonds all or any part of the aggregate
amount of student tuition charges required or authorized by law
to be imposed on students enrolled at Texas A & M
International University. The amount of a pledge made under this
subsection may not be reduced or abrogated while the bonds for
which the pledge is made, or bonds issued to refund those bonds,
are outstanding.
(c) Bonds issued under this section may not be issued in an
aggregate principal amount exceeding $30 million.
Added by Acts 1991, 72nd Leg., 1st C.S., ch. 4, Sec. 14.03, eff.
Jan. 1, 1992. Amended by Acts 1993, 73rd Leg., ch. 260, Sec. 10,
eff. Sept. 1, 1993.
Sec. 55.1713. THE TEXAS A & M UNIVERSITY SYSTEM. (a) In
addition to the authority granted by Sections 55.13, 55.14,
55.17, 55.171, 55.1711, 55.1712, and 55.19 of this code, the
board of regents of The Texas A & M University System may
acquire, purchase, construct, improve, renovate, enlarge, or
equip property, buildings, structures, facilities, roads, or
related infrastructure for the following institutions to be
financed by the issuance of bonds in accordance with this
subchapter and in accordance with a systemwide revenue financing
program adopted by the board in aggregate principal amounts not
to exceed the following amounts:
(1) Texas A & M University--Corpus Christi, $22 million;
(2) Texas A & M International University, $36 million; and
(3) Texas A & M University--Kingsville, $17 million.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of an institution,
branch, or entity of The Texas A & M University System,
including student tuition charges required or authorized by law
to be imposed on students enrolled at an institution, branch, or
entity of The Texas A & M University System. The amount of a
pledge made under this subsection may not be reduced or abrogated
while the bonds for which the pledge is made, or bonds issued to
refund those bonds, are outstanding.
(c) If sufficient funds are not available to the board to meet
its obligations under this section, the board may transfer funds
among institutions, branches, and entities of The Texas A & M
University System to ensure the most equitable and efficient
allocation of available resources for each institution, branch,
or entity to carry out its constitutional and statutory duties
and purposes.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 4, eff. Sept. 1,
1993.
Sec. 55.1714. THE UNIVERSITY OF TEXAS SYSTEM. (a) In addition
to the authority granted by Sections 55.13, 55.14, 55.17, 55.172,
and 55.19 of this code, the board of regents of The University of
Texas System may acquire, purchase, construct, improve, renovate,
enlarge, or equip property, buildings, structures, facilities,
roads, or related infrastructure for the following institutions
to be financed by the issuance of bonds in accordance with this
subchapter, including bonds issued in accordance with its
systemwide revenue financing program and secured as provided by
that program, in aggregate principal amounts not to exceed the
following amounts:
(1) The University of Texas at Brownsville, $23.5 million;
(2) The University of Texas at El Paso, $23 million;
(3) The University of Texas--Pan American, $26 million;
(4) The University of Texas at San Antonio, $63.5 million;
(5) The University of Texas Health Science Center at San
Antonio, $25 million; and
(6) The University of Texas at Austin, $2 million.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of an institution,
branch, or entity of The University of Texas System, including
student tuition charges required or authorized by law to be
imposed on students enrolled at an institution, branch, or entity
of The University of Texas System. The amount of a pledge made
under this subsection may not be reduced or abrogated while the
bonds for which the pledge is made, or bonds issued to refund
those bonds, are outstanding.
(c) Of the proceeds of bonds issued under this section for The
University of Texas at San Antonio, $20 million may be used only
to acquire, purchase, construct, improve, renovate, enlarge, or
equip a downtown campus for that university. Proceeds of bonds
issued under this section for The University of Texas at Austin
may be used only to acquire, purchase, construct, renovate,
enlarge, or equip the McDonald Observatory.
(d) If sufficient funds are not available to the board to meet
its obligations under this section, the board may transfer funds
among institutions, branches, and entities of The University of
Texas System to ensure the most equitable and efficient
allocation of available resources for each institution, branch,
or entity to carry out its constitutional and statutory duties
and purposes.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 4, eff. Sept. 1,
1993.
Sec. 55.1715. THE UNIVERSITY OF HOUSTON SYSTEM. (a) In
addition to the authority granted by Sections 55.13, 55.14,
55.17, 55.171, and 55.19 of this code, the board of regents of
the University of Houston System may acquire, purchase,
construct, improve, renovate, enlarge, or equip property,
buildings, structures, facilities, roads, or related
infrastructure for the University of Houston--Downtown to be
financed by the issuance of bonds in accordance with this
subchapter and in accordance with a systemwide revenue financing
program adopted by the board in an aggregate principal amount not
to exceed $22.4 million.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of an institution,
branch, or entity of the University of Houston System, including
student tuition charges required or authorized by law to be
imposed on students enrolled at an institution, branch, or entity
of the University of Houston System. The amount of a pledge made
under this subsection may not be reduced or abrogated while the
bonds for which the pledge is made, or bonds issued to refund
those bonds, are outstanding.
(c) If sufficient funds are not available to the board to meet
its obligations under this section, the board may transfer funds
among institutions, branches, and entities of the University of
Houston System to ensure the most equitable and efficient
allocation of available resources for each institution, branch,
or entity to carry out its duties and purposes.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 4, eff. Sept. 1,
1993.
Sec. 55.1716. TEXAS STATE UNIVERSITY SYSTEM. (a) In addition
to the authority granted by Sections 55.13, 55.14, 55.17, and
55.19 of this code, the board of regents of the Texas State
University System may acquire, purchase, construct, improve,
renovate, enlarge, or equip property, buildings, structures,
facilities, roads, or related infrastructure for an institution,
branch, or entity of the system to be financed by the issuance of
bonds in accordance with this subchapter and in accordance with a
systemwide revenue financing program adopted by the board in the
aggregate principal amount of $27 million.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of an institution,
branch, or entity of the Texas State University System, including
student tuition charges required or authorized by law to be
imposed on students enrolled at an institution, branch, or entity
of the Texas State University System. The amount of a pledge made
under this subsection may not be reduced or abrogated while the
bonds for which the pledge is made, or bonds issued to refund
those bonds, are outstanding.
(c) If sufficient funds are not available to the board to meet
its obligations under this section, the board may transfer funds
among institutions, branches, and entities of the Texas State
University System to ensure the most equitable and efficient
allocation of available resources for each institution, branch,
or entity to carry out its duties and purposes.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 4, eff. Sept. 1,
1993.
Sec. 55.1717. UNIVERSITY OF NORTH TEXAS AND TEXAS COLLEGE OF
OSTEOPATHIC MEDICINE. (a) The board of regents of the
University of North Texas may acquire, purchase, construct,
improve, renovate, enlarge, or equip property, buildings,
structures, facilities, roads, or related infrastructure for the
University of North Texas or the Texas College of Osteopathic
Medicine to be financed by the issuance of bonds in accordance
with this subchapter in the aggregate principal amounts not to
exceed $25 million for the University of North Texas and $10
million for the Texas College of Osteopathic Medicine.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of the University of
North Texas or the Texas College of Osteopathic Medicine,
including student tuition charges required or authorized by law
to be imposed on students enrolled at the University of North
Texas or the Texas College of Osteopathic Medicine. The amount of
a pledge made under this subsection may not be reduced or
abrogated while the bonds for which the pledge is made, or bonds
issued to refund those bonds, are outstanding.
(c) If sufficient funds are not available to the board to meet
its obligations under this section, the board may transfer funds
between the University of North Texas and the Texas College of
Osteopathic Medicine to ensure the most equitable and efficient
allocation of available resources for the University of North
Texas and the Texas College of Osteopathic Medicine to carry out
their duties and purposes.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 4, eff. Sept. 1,
1993.
Sec. 55.1718. TEXAS WOMAN'S UNIVERSITY. (a) The board of
regents of Texas Woman's University may acquire, purchase,
construct, improve, renovate, enlarge, or equip property,
buildings, structures, facilities, roads, or related
infrastructure for Texas Woman's University to be financed by the
issuance of bonds in accordance with this subchapter in the
aggregate principal amount of $5 million.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of Texas Woman's
University, including student tuition charges required or
authorized by law to be imposed on students enrolled at Texas
Woman's University. The amount of a pledge made under this
subsection may not be reduced or abrogated while the bonds for
which the pledge is made, or bonds issued to refund those bonds,
are outstanding.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 4, eff. Sept. 1,
1993.
Sec. 55.172. THE UNIVERSITY OF TEXAS--PAN AMERICAN. (a) The
board of regents of The University of Texas System may construct
and equip academic buildings, structures, and facilities for The
University of Texas--Pan American, following approval for such
construction by the Texas Higher Education Coordinating Board and
for these purposes may issue revenue bonds pursuant to this
subchapter. The board may pledge irrevocably to the payment of
these revenue bonds all or any part of the aggregate amount of
student tuition charges required or authorized by law to be
imposed on students enrolled at The University of Texas--Pan
American; and the amount of any pledge so made shall never be
reduced or abrogated while the bonds are outstanding. However,
the tuition charges shall not be pledged pursuant to the
authority granted by this subsection except to the payment of
bonds issued in an aggregate principal amount not to exceed $10
million for the purpose of providing funds to construct and equip
academic buildings, structures, and facilities for The University
of Texas--Pan American.
(b) It is provided, however, that no bonds shall be issued
hereunder and no tuition shall be pledged thereto unless and
until the specific terms and provisions of said bonds and pledge
have been first approved by the Texas Higher Education
Coordinating Board in accordance with rules and regulations
regarding that subject adopted, published, and heard in
accordance with Section 61.027 of this code.
Added by Acts 1973, 63rd Leg., p. 488, ch. 212, Sec. 1, eff. Aug.
27, 1973. Amended by Acts 1989, 71st Leg., ch. 181, Sec. 7, eff.
Sept. 1, 1989.
Sec. 55.1721. THE TEXAS A&M UNIVERSITY SYSTEM. (a) In
addition to the other authority granted by this subchapter, the
board of regents of The Texas A&M University System may
acquire, purchase, construct, improve, renovate, enlarge, or
equip property, buildings, structures, facilities, roads, or
related infrastructure for the following institutions to be
financed by the issuance of bonds in accordance with this
subchapter and in accordance with a systemwide revenue financing
program adopted by the board in aggregate principal amounts not
to exceed the following amounts:
(1) Prairie View A&M University, $15 million;
(2) Tarleton State University, $15 million;
(3) Texas A&M University, $12.5 million;
(4) Texas A&M University Health Science Center, $6 million;
(5) Texas A&M University--Commerce, $4.2 million;
(6) Texas A&M University--Corpus Christi, $25 million;
(7) Texas A&M International University, $39.5 million;
(8) Texas A&M University--Kingsville, $15 million;
(9) Texas A&M University--Texarkana, $4 million; and
(10) West Texas A&M University, $9 million.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of an institution,
branch, or entity of The Texas A&M University System,
including student tuition charges required or authorized by law
to be imposed on students enrolled at an institution, branch, or
entity of The Texas A&M University System. The amount of a
pledge made under this subsection may not be reduced or abrogated
while the bonds for which the pledge is made, or bonds issued to
refund those bonds, are outstanding.
(c) If sufficient funds are not available to the board to meet
its obligations under this section, the board may transfer funds
among institutions, branches, and entities of The Texas A&M
University System to ensure the most equitable and efficient
allocation of available resources for each institution, branch,
or entity to carry out its constitutional and statutory duties
and purposes.
(d) Of the proceeds of bonds authorized by this section for
Texas A&M International University, $4.5 million may be used
only to purchase library books, journals, and other library
materials, equipment, and furniture for the university's library.
Added by Acts 1997, 75th Leg., ch. 748, Sec. 2, eff. Sept. 1,
1997.
Sec. 55.1722. THE UNIVERSITY OF TEXAS SYSTEM. (a) In addition
to the other authority granted by this subchapter, the board of
regents of The University of Texas System may acquire, purchase,
construct, improve, renovate, enlarge, or equip property,
buildings, structures, facilities, roads, or related
infrastructure for the following institutions to be financed by
the issuance of bonds in accordance with this subchapter,
including bonds issued in accordance with its systemwide revenue
financing program and secured as provided by that program in
aggregate principal amounts not to exceed the following amounts:
(1) The University of Texas at Arlington, $16 million;
(2) The University of Texas at Austin, $12.5 million;
(3) The University of Texas at Brownsville, $22.5 million;
(4) The University of Texas at Dallas, $5 million;
(5) The University of Texas at El Paso, $14 million;
(6) The University of Texas--Pan American, $17 million;
(7) The University of Texas of the Permian Basin, $25.8 million;
(8) The University of Texas at San Antonio, $50 million;
(9) The University of Texas at Tyler, $9.5 million;
(10) The University of Texas Southwestern Medical Center at
Dallas, $20 million;
(11) The University of Texas Health Science Center at Houston,
$17.5 million; and
(12) the Lower Rio Grande Valley Academic Health Center, $30
million, if that institution is established.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of an institution,
branch, or entity of The University of Texas System, including
student tuition charges required or authorized by law to be
imposed on students enrolled at an institution, branch, or entity
of The University of Texas System. The amount of a pledge made
under this subsection may not be reduced or abrogated while the
bonds for which the pledge is made, or bonds issued to refund
those bonds, are outstanding.
(c) If sufficient funds are not available to the board to meet
its obligations under this section, the board may transfer funds
among institutions, branches, and entities of The University of
Texas System to ensure the most equitable and efficient
allocation of available resources for each institution, branch,
or entity to carry out its constitutional and statutory duties
and purposes.
(d) Of the proceeds of bonds authorized by this section:
(1) for The University of Texas at San Antonio, $35 million may
be used only to build or construct the university's downtown
campus, phase III; and
(2) for The University of Texas at Tyler:
(A) $4 million may be used only for an upper-level educational
center at Longview; and
(B) $500,000 may be used only for The University of Texas at
Tyler, Nursing-Palestine Extension.
Added by Acts 1997, 75th Leg., ch. 748, Sec. 2, eff. Sept. 1,
1997.
Sec. 55.1723. THE UNIVERSITY OF HOUSTON SYSTEM. (a) In
addition to the other authority granted by this subchapter, the
board of regents of the University of Houston System may acquire,
purchase, construct, improve, renovate, enlarge, or equip
property, buildings, structures, facilities, roads, or related
infrastructure for the following institutions to be financed by
the issuance of bonds in accordance with this subchapter and in
accordance with a systemwide revenue financing program adopted by
the board in an aggregate principal amount not to exceed the
following amounts:
(1) the University of Houston, $12 million;
(2) the University of Houston--Downtown, $7.5 million; and
(3) the University of Houston--Victoria, $10 million.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of an institution,
branch, or entity of the University of Houston System, including
student tuition charges required or authorized by law to be
imposed on students enrolled at an institution, branch, or entity
of the University of Houston System. The amount of a pledge made
under this subsection may not be reduced or abrogated while the
bonds for which the pledge is made, or bonds issued to refund
those bonds, are outstanding.
(c) If sufficient funds are not available to the board to meet
its obligations under this section, the board may transfer funds
among institutions, branches, and entities of the University of
Houston System to ensure the most equitable and efficient
allocation of available resources for each institution, branch,
or entity to carry out its duties and purposes.
Added by Acts 1997, 75th Leg., ch. 748, Sec. 2, eff. Sept. 1,
1997.
Sec. 55.1724. TEXAS STATE UNIVERSITY SYSTEM. (a) In addition
to the other authority granted by this subchapter, the board of
regents of the Texas State University System may acquire,
purchase, construct, improve, renovate, enlarge, or equip
property, buildings, structures, facilities, roads, or related
infrastructure for the following institutions to be financed by
the issuance of bonds in accordance with this subchapter and in
accordance with a systemwide revenue financing program adopted by
the board in aggregate principal amounts not to exceed the
following:
(1) Lamar University--Beaumont, $8 million;
(2) Lamar Institute of Technology, $2 million;
(3) Lamar State College--Orange, $3.5 million;
(4) Lamar State College--Port Arthur, $2.75 million;
(5) Sam Houston State University, $7.5 million;
(6) Texas State University--San Marcos, $19.7 million; and
(7) Sul Ross State University, $17.5 million.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of an institution,
branch, or entity of the Texas State University System, including
student tuition charges required or authorized by law to be
imposed on students enrolled at an institution, branch, or entity
of the Texas State University System. The amount of a pledge made
under this subsection may not be reduced or abrogated while the
bonds for which the pledge is made, or bonds issued to refund
those bonds, are outstanding.
(c) If sufficient funds are not available to the board to meet
its obligations under this section, the board may transfer funds
among institutions, branches, and entities of the Texas State
University System to ensure the most equitable and efficient
allocation of available resources for each institution, branch,
or entity to carry out its duties and purposes.
Added by Acts 1997, 75th Leg., ch. 748, Sec. 2, eff. Sept. 1,
1997. Amended by Acts 1999, 76th Leg., ch. 767, Sec. 4, eff. June
18, 1999; Acts 2003, 78th Leg., ch. 386, Sec. 5, eff. Sept. 1,
2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch.
179, Sec. 8, eff. September 1, 2007.
Sec. 55.1725. UNIVERSITY OF NORTH TEXAS AND UNIVERSITY OF NORTH
TEXAS HEALTH SCIENCE CENTER AT FORT WORTH. (a) The board of
regents of the University of North Texas may acquire, purchase,
construct, improve, renovate, enlarge, or equip property,
buildings, structures, facilities, roads, or related
infrastructure for the University of North Texas or the
University of North Texas Health Science Center at Fort Worth to
be financed by the issuance of bonds in accordance with this
subchapter in the aggregate principal amounts not to exceed $20
million for the University of North Texas and $19 million for the
University of North Texas Health Science Center at Fort Worth.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of the University of
North Texas or the University of North Texas Health Science
Center at Fort Worth, including student tuition charges required
or authorized by law to be imposed on students enrolled at the
University of North Texas or the University of North Texas Health
Science Center at Fort Worth. The amount of a pledge made under
this subsection may not be reduced or abrogated while the bonds
for which the pledge is made, or bonds issued to refund those
bonds, are outstanding.
(c) If sufficient funds are not available to the board to meet
its obligations under this section, the board may transfer funds
between the University of North Texas and the University of North
Texas Health Science Center at Fort Worth to ensure the most
equitable and efficient allocation of available resources for the
University of North Texas and the University of North Texas
Health Science Center at Fort Worth to carry out their duties and
purposes.
Added by Acts 1997, 75th Leg., ch. 748, Sec. 2, eff. Sept. 1,
1997.
Sec. 55.1726. TEXAS WOMAN'S UNIVERSITY. (a) The board of
regents of Texas Woman's University may acquire, purchase,
construct, improve, renovate, enlarge, or equip property,
buildings, structures, facilities, roads, or related
infrastructure for Texas Woman's University to be financed by the
issuance of bonds in accordance with this subchapter in the
aggregate principal amount not to exceed $8.5 million.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of Texas Woman's
University, including student tuition charges required or
authorized by law to be imposed on students enrolled at Texas
Woman's University. The amount of a pledge made under this
subsection may not be reduced or abrogated while the bonds for
which the pledge is made, or bonds issued to refund those bonds,
are outstanding.
Added by Acts 1997, 75th Leg., ch. 748, Sec. 2, eff. Sept. 1,
1997.
Sec. 55.1727. MIDWESTERN STATE UNIVERSITY. (a) The board of
regents of Midwestern State University may acquire, purchase,
construct, improve, renovate, enlarge, or equip property,
buildings, structures, facilities, roads, or related
infrastructure for Midwestern State University to be financed by
the issuance of bonds in accordance with this subchapter in the
aggregate principal amount not to exceed $9 million.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of Midwestern State
University, including student tuition charges required or
authorized by law to be imposed on students enrolled at
Midwestern State University. The amount of a pledge made under
this subsection may not be reduced or abrogated while the bonds
for which the pledge is made, or bonds issued to refund those
bonds, are outstanding.
Added by Acts 1997, 75th Leg., ch. 748, Sec. 2, eff. Sept. 1,
1997.
Sec. 55.1728. STEPHEN F. AUSTIN STATE UNIVERSITY. (a) The
board of regents of Stephen F. Austin State University may
acquire, purchase, construct, improve, renovate, enlarge, or
equip property, buildings, structures, facilities, roads, or
related infrastructure for Stephen F. Austin State University to
be financed by the issuance of bonds in accordance with this
subchapter in the aggregate principal amount not to exceed $6
million.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of Stephen F. Austin
State University, including student tuition charges required or
authorized by law to be imposed on students enrolled at Stephen
F. Austin State University. The amount of a pledge made under
this subsection may not be reduced or abrogated while the bonds
for which the pledge is made, or bonds issued to refund those
bonds, are outstanding.
Added by Acts 1997, 75th Leg., ch. 748, Sec. 2, eff. Sept. 1,
1997.
Sec. 55.173. THE UNIVERSITY OF HOUSTON SYSTEM. (a) In addition
to the authority granted by Sections 55.13, 55.17, 55.171,
55.1715, and 55.19 of this code, the board of regents of the
University of Houston System may acquire, purchase, construct,
renovate, enlarge, and equip buildings, facilities, roads, land,
and infrastructure for the University of Houston-Victoria.
(b) Beginning September 1, 1995, the board may issue bonds under
this subchapter, in accordance with a systemwide revenue
financing program adopted by the board, in an aggregate principal
amount not to exceed $9 million to finance those items.
(c) The board may pledge irrevocably to the payment of those
bonds all or any of the aggregate amount of student tuition
charges required or authorized by law to be imposed on students
enrolled at the University of Houston-Victoria or at a component
of the University of Houston System. The amount of a pledge made
under this subsection may not be reduced or abrogated while the
bonds for which the pledge is made, or bonds issued to refund
those bonds, are outstanding.
(d) The board may repay the interest and principal on bonds
issued under this section and maintenance and operations of the
facility with appropriations that otherwise would have been for
the lease of facilities.
Added by Acts 1995, 74th Leg., ch. 462, Sec. 1, eff. Aug. 28,
1995.
Sec. 55.1731. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of The Texas A&M University
System may issue in accordance with this subchapter and in
accordance with a systemwide revenue financing program adopted by
the board bonds for the following institutions not to exceed the
following aggregate principal amounts to finance projects
specified as follows:
(1) Prairie View A&M University:
(A) $53 million to construct or renovate engineering facilities,
construct and renovate an architecture building, and carry out
other campus renovations; and
(B) $15 million to construct a juvenile justice and psychology
building;
(2) Tarleton State University, $18.7 million for a library
addition and renovation of a mathematics building;
(3) Texas A&M University--Commerce, $14,960,000 to construct
a science building;
(4) Texas A&M University--Corpus Christi, $34 million to
construct a classroom and laboratory facility and for
construction of the Harte Research Center;
(5) Texas A&M International University, $21,620,000 to
construct a science building (Phase IV);
(6) Texas A&M University at Galveston, $10,030,000 to
construct an engineering building;
(7) Texas A&M University--Kings