EDUCATION CODE CHAPTER 55. FINANCING PERMANENT IMPROVEMENTS
EDUCATION CODE
CHAPTER 55. FINANCING PERMANENT IMPROVEMENTS
SUBCHAPTER A. GENERAL PROVISIONS
§ 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, § 1, eff. Sept.
1, 1971. Amended by Acts 1993, 73rd Leg., ch. 803, § 1, eff.
Sept. 1, 1993; Acts 1997, 75th Leg., ch. 1073, § 1.04, eff. Aug.
1, 1997.
§ 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, § 2, eff. Sept. 1, 1993.
§ 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, § 2, eff. Sept. 1, 1993.
§ 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, § 2, eff. Sept. 1, 1993.
SUBCHAPTER B. REVENUE BONDS AND FACILITIES
§ 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, § 1, eff. Sept.
1, 1971.
§ 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, § 1, eff. Sept.
1, 1971.
§ 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, § 1, eff. Sept.
1, 1971. Amended by Acts 1991, 72nd Leg., 1st C.S., ch. 4, §
14.01, eff. Jan. 1, 1992; Acts 1997, 75th Leg., ch. 294, § 10,
eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1073, § 2.01, eff.
Aug. 1, 1997.
§ 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, § 1, eff. Sept.
1, 1971.
§ 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, § 1, eff. Sept.
1, 1971.
§ 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,
§ 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,
§ 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,
§ 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,
§ 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,
§ 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,
§ 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, § 1, eff. Sept.
1, 1971. Amended by Acts 1973, 63rd Leg., p. 1759, ch. 641, § 1,
eff. Aug. 27, 1973; Acts 1975, 64th Leg., p. 1245, ch. 469, § 1,
eff. June 19, 1975; Acts 1989, 71st Leg., ch. 716, § 1, eff. June
14, 1989; Acts 1991, 72nd Leg., ch. 839, § 1, eff. Aug. 26, 1991;
Acts 1993, 73rd Leg., ch. 327, § 1, eff. May 29, 1993; Acts 1995,
74th Leg., ch. 757, § 7, eff. June 16, 1995; Acts 1997, 75th
Leg., ch. 1073, § 1.05, eff. Aug. 1, 1997; Acts 2001, 77th Leg.,
ch. 769, § 13, eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch.
1432, § 2, eff. Sept. 1, 2001.
§ 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, § 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, § 1, eff. Sept.
1, 1971. Amended by Acts 1971, 62nd Leg., p. 3335, ch. 1024, art. 2,
§ 1, eff. Sept. 1, 1971; Acts 1993, 73rd Leg., ch. 803, § 3,
eff. Sept. 1, 1993; Acts 1995, 74th Leg., ch. 757, § 8, eff. June
16, 1995; Acts 1997, 75th Leg., ch. 748, § 1, eff. Sept. 1, 1997;
Acts 1997, 75th Leg., ch. 1073, § 1.06, 2.02, eff. Aug. 1, 1997.
§ 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, § 1, eff. Aug. 27,
1973. Amended by Acts 1981, 67th Leg., p. 3052, ch. 799, § 3,
eff. June 17, 1981; Acts 1991, 72nd Leg., 1st C.S., ch. 4, §
14.02, eff. Jan. 1, 1992.
§ 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, § 1, eff. June 8, 1991.
Amended by Acts 1997, 75th Leg., ch. 126, § 1, eff. May 19, 1997.
§ 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, § 14.03, eff.
Jan. 1, 1992. Amended by Acts 1993, 73rd Leg., ch. 260, § 10,
eff. Sept. 1, 1993.
§ 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, § 4, eff. Sept. 1, 1993.
§ 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, § 4, eff. Sept. 1, 1993.
§ 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, § 4, eff. Sept. 1, 1993.
§ 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, § 4, eff. Sept. 1, 1993.
§ 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, § 4, eff. Sept. 1, 1993.
§ 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, § 4, eff. Sept. 1, 1993.
§ 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, § 1, eff. Aug. 27,
1973. Amended by Acts 1989, 71st Leg., ch. 181, § 7, eff. Sept.
1, 1989.
§ 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, § 2, eff. Sept. 1, 1997.
§ 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, § 2, eff. Sept. 1, 1997.
§ 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, § 2, eff. Sept. 1, 1997.
§ 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, § 2, eff. Sept. 1, 1997.
Amended by Acts 1999, 76th Leg., ch. 767, § 4, eff. June 18,
1999; Acts 2003, 78th Leg., ch. 386, § 5, eff. Sept. 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 179, § 8, eff. September 1,
2007.
§ 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, § 2, eff. Sept. 1, 1997.
§ 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, § 2, eff. Sept. 1, 1997.
§ 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, § 2, eff. Sept. 1, 1997.
§ 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, § 2, eff. Sept. 1, 1997.
§ 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, § 1, eff. Aug. 28, 1995.
§ 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--Kingsville, $20,060,000 to
construct facilities for a pharmacy school and to construct a
student services building;
(8) Texas A&M University--Texarkana, $17 million to
construct a health science building and for library renovation;
(9) West Texas A&M University, $22,780,000 to
construct a fine arts complex; and
(10) The Texas A&M University Health Science Center,
$14.3 million for construction of classroom and faculty office
facilities for the School of Rural Public Health.
(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. 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 duties and purposes.
(d) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects at an institution that is
not required for the specified projects may be used to renovate
existing structures and facilities at the institution.
(e) The bonds authorized by Subsection (a)(1)(B) for
Prairie View A&M University may not be issued before March 1, 2003.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
Amended by Acts 2003, 78th Leg., ch. 1310, § 14, eff. June 20,
2003.
§ 55.1732. THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of The University of Texas 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) The University of Texas at Arlington, $16,635,945
to construct a science building;
(2) The University of Texas at Brownsville,
$26,010,000 to construct a life and health science and education
facility (Phase II) and to procure and install permanent equipment
and other fixtures in the facility;
(3) The University of Texas at Dallas, $21,993,750 to
renovate and develop space at the Founders Hall, Founders Annex,
and Berkner Hall;
(4) The University of Texas at El Paso, $12,750,000 to
construct a biomedical and health sciences research center;
(5) The University of Texas--Pan American,
$29,950,000 for education complex, library, and multipurpose
center renovation and construction;
(6) The University of Texas of the Permian Basin,
$5,610,000 for integrated Mesa Building renovations and gymnasium
renovations;
(7) The University of Texas at San Antonio,
$22,950,000 to construct a science building on the main campus;
(8) The University of Texas at Tyler, $20,910,000 to
construct an engineering, sciences, and technology building and
make other physical plant improvements;
(9) The University of Texas Southwestern Medical
Center at Dallas, $40 million for North Campus phase IV
construction;
(10) The University of Texas Medical Branch at
Galveston, $20 million to renovate and expand research facilities;
(11) The University of Texas Health Science Center at
Houston, $19,550,000 to construct or purchase a classroom building
that includes facilities for clinical teaching and clinical
research;
(12) The University of Texas Health Science Center at
San Antonio, $28.9 million to construct a facility for student
services and academic administration and to construct and develop a
facility at the Laredo Extension Campus for educational and
administrative purposes;
(13) the Regional Academic Health Center established
under Section 74.611, $25.5 million to construct a teaching and
learning laboratory in or near the city of Harlingen;
(14) The University of Texas Health Center at Tyler,
$11,513,250 to construct a biomedical research center addition;
and
(15) The University of Texas M. D. Anderson Cancer
Center, $20 million to construct a basic sciences research
building.
(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. 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 duties and purposes.
(d) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects at an institution that is
not required for the specified projects may be used to renovate
existing structures and facilities at the institution.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
Amended by Acts 2003, 78th Leg., ch. 615, § 1, eff. June 20,
2003.
§ 55.1733. THE UNIVERSITY OF HOUSTON SYSTEM; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of the University of Houston
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) the University of Houston, $51 million to
construct science and engineering research and classroom
facilities;
(2) the University of Houston--Downtown, $18,232,500
to construct a classroom building;
(3) the University of Houston--Clear Lake,
$30,918,750 to construct a student services and classroom building;
and
(4) the University of Houston--Victoria, $2,805,000
to remodel the University West facility, acquire and renovate a
facility services building, and renovate and expand a facility for
the center for community initiatives.
(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. 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.
(d) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects at an institution that is
not required for the specified projects may be used to renovate
existing structures and facilities at the institution.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
§ 55.1734. TEXAS STATE UNIVERSITY SYSTEM; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of the Texas State 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) Lamar University--Beaumont, $21,792,096 to
renovate and repair campus buildings;
(2) Lamar Institute of Technology, $5,301,960 to
renovate Gentry Hall and convert it to classroom and laboratory
use;
(3) Lamar State College--Orange, $2,125,000 for
campus landscaping, renovation of the old library for physical
plant purposes, renovation of the Main Building and Electronics
Commerce Resource Center, and demolition of the old physical plant
building;
(4) Lamar State College--Port Arthur, $7,650,000 to
construct a performing arts and classroom building and to expand
the Gates Memorial Library and develop an adjacent plaza;
(5) Sam Houston State University, $18 million to
renovate and expand the Farrington Building;
(6) Texas State University--San Marcos, $18,436,500
to construct a business building; and
(7) Sul Ross State University, $15,175,000 to renovate
and expand the range animal science facility and science building
annex and to carry out other building renovations.
(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. 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.
(d) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects at an institution that is
not required for the specified projects may be used to renovate
existing structures and facilities at the institution.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
Amended by Acts 2003, 78th Leg., ch. 386, § 6, eff. Sept. 1,
2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 179, § 9, eff. September 1,
2007.
§ 55.1735. UNIVERSITY OF NORTH TEXAS SYSTEM; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of the University of North Texas
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) the University of North Texas, $52,933,750 to
construct a science building and to develop the campus and
facilities of the University of North Texas System Center at Dallas
at the location to become the University of North Texas at Dallas;
and
(2) the University of North Texas Health Science
Center at Fort Worth, $27.5 million to construct a biotechnology
center and school of public health building.
(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. 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.
(d) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects at an institution that is
not required for the specified projects may be used to renovate
existing structures and facilities at the institution.
(e) The board may not issue bonds under Subsection (a)(1)
for the University of North Texas at Dallas before September 1,
2003.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
Amended by Acts 2003, 78th Leg., ch. 940, § 1, eff. June 20,
2003; Acts 2003, 78th Leg., ch. 1319, § 1, eff. June 18, 2003.
§ 55.1736. TEXAS WOMAN'S UNIVERSITY. (a) In addition
to the other authority granted by this subchapter, the board of
regents of Texas Woman's University may issue bonds in accordance
with this subchapter in the aggregate principal amount not to
exceed $25,797,500 to finance the renovation of academic and
administrative buildings at Texas Woman's University.
(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. 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) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects that is not required for
the specified projects may be used to renovate existing structures
and facilities at the institution.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
§ 55.1737. MIDWESTERN STATE UNIVERSITY; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of Midwestern State University may
issue in accordance with this subchapter bonds not to exceed
$8,967,500 to finance campus improvements at Midwestern State
University.
(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. 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) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects that is not required for
the specified projects may be used to renovate existing structures
and facilities at the institution.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
§ 55.1738. STEPHEN F. AUSTIN STATE UNIVERSITY. (a) In
addition to the other authority granted by this subchapter, the
board of regents of Stephen F. Austin State University may issue in
accordance with this subchapter bonds not to exceed $14,070,000 to
finance campus infrastructure improvements, the construction of a
telecommunications building, the renovation of power plant
facilities, and the replacement or renovation of the Birdwell
Building at Stephen F. Austin State University.
(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. 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) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects that is not required for
the specified projects may be used to renovate existing structures
and facilities at the institution.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
§ 55.1739. TEXAS TECH UNIVERSITY SYSTEM; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of the Texas Tech 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 for projects specified as
follows:
(1) Texas Tech University, $23,647,000 to construct an
experimental science research facility; and
(2) Texas Tech University Health Sciences Center,
$66,882,525 to construct a clinical and research facility in the
city of Lubbock and to construct facilities to support the center's
educational programs in the city of El Paso.
(b) 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. 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 Texas Tech University and the Texas Tech University
Health Sciences Center to ensure the most equitable and efficient
allocation of available resources for Texas Tech University and the
Texas Tech University Health Sciences Center to carry out their
duties and purposes.
(d) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects at an institution that is
not required for the specified projects may be used to renovate
existing structures and facilities at the institution.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
§ 55.17391. TEXAS SOUTHERN UNIVERSITY; ADDITIONAL
BONDS. (a) In addition to other authority granted by this
subchapter, the board of regents of Texas Southern University may
issue in accordance with this subchapter bonds not to exceed $79
million to finance the construction of a science building, the
construction of a building for the school of public affairs, the
renovation of campus facilities, including electrical and piping
systems, and campus landscaping.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of Texas Southern
University, including student tuition charges required or
authorized by law to be imposed on students enrolled at the
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) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects that is not required for
the specified projects may be used to renovate existing structures
and facilities at the institution.
(d) Of the bonds authorized by Subsection (a), $14.5 million
may not be issued before March 1, 2003, and may be used only to
finance campus renovations.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
§ 55.17392. TEXAS STATE TECHNICAL COLLEGE SYSTEM.
(a) The board of regents of the Texas State Technical College
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 for projects specified as
follows:
(1) Texas State Technical College--Harlingen, $3.4
million to construct a facility for a learning resource center and
distance learning center;
(2) Texas State Technical College--Marshall,
$1,785,000 to construct a facility for a library and administrative
activities;
(3) Texas State Technical College--Waco, $3.4 million
to renovate the industrial technology center; and
(4) Texas State Technical College--West Texas,
$2,295,000 to construct a transportation technologies building.
(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 Technical College System,
including student tuition charges. 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
Technical College 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.
(d) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects at an institution that is
not required for the specified projects may be used to renovate
existing structures and facilities at the institution.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
§ 55.174. TEXAS SOUTHERN UNIVERSITY. (a) In addition
to other authority granted by this subchapter, the board of regents
of Texas Southern University may acquire, purchase, construct,
improve, renovate, enlarge, or equip property, buildings,
structures, facilities, roads, or related infrastructure for Texas
Southern University to be financed by the issuance of bonds in
accordance with this subchapter and in accordance with a revenue
financing program adopted by the board in an aggregate principal
amount not to exceed $18 million.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of Texas Southern
University, including student tuition charges required or
authorized by law to be imposed on students enrolled at the
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, § 3, eff. Sept. 1, 1997.
§ 55.1741. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL
REVENUE BONDS. (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 facilities to support kinesiology and related
programs, campus utility infrastructure facilities, and campus
support services facilities (phase V), including roads and related
infrastructure, for Texas A&M International University, to be
financed by the issuance of bonds in accordance with this
subchapter, including bonds issued in accordance with a systemwide
revenue financing program and secured as provided by that program,
in an aggregate principal amount not to exceed $12.5 million.
(b) The board may pledge irrevocably to the payment of the
bonds authorized by this section 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. 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 duties and purposes.
Added by Acts 2003, 78th Leg., ch. 615, § 2, eff. June 20, 2003.
§ 55.17411. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL
REVENUE BONDS. (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, or other
facilities, including roads and related infrastructure, for The
Texas A&M University System Health Science Center to develop a
biosciences research center in the City of Temple, to be financed by
the issuance of bonds in accordance with this subchapter, including
bonds issued in accordance with a systemwide revenue financing
program and secured as provided by that program, in an aggregate
principal amount not to exceed $15 million.
(b) The board of regents may pledge irrevocably to the
payment of the bonds authorized by this section 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. 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 of
regents 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 duties and purposes.
(d) If the Temple Health and Bioscience Economic
Development District is established, the district is responsible
for the payment of debt service on the bonds authorized by this
section for any facilities financed by the bonds that are located in
the district and used to support the purposes or programs of the
district.
(e) The legislature may not appropriate general revenue to
pay, or to reimburse the board of regents or Texas A&M University
for the payment of, debt service on bonds authorized by this
section.
Added by Acts 2003, 78th Leg., ch. 1188, § 3, eff. June 20, 2003.
Renumbered from Education Code, Section 55.1741 by Acts 2005, 79th
Leg., Ch. 728, § 23.001(19), eff. September 1, 2005.
§ 55.1742. THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL
REVENUE BONDS. (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 University of Texas Health
Science Center at Houston for recovery from the damage caused by
Tropical Storm Allison, to be financed by the issuance of bonds in
accordance with this subchapter, including bonds issued in
accordance with a systemwide revenue financing program and secured
as provided by that program, in an aggregate principal amount not to
exceed $34.9 million.
(b) 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 University of Texas M. D. Anderson
Cancer Center for biotechnology research and development
facilities, 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 an aggregate principal amount not to exceed $20
million.
(c) 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, or other facilities,
including roads and related infrastructure, for The University of
Texas Southwestern Medical Center at Dallas, to be used primarily
to conduct biomedical research and to be financed by the issuance of
bonds in accordance with this subchapter, including bonds issued in
accordance with a systemwide revenue financing program and secured
as provided by that program, in an aggregate principal amount not to
exceed $56 million.
(d) 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, or other facilities,
including roads and related infrastructure, for The University of
Texas Health Science Center at Houston for the replacement of
research and academic facilities lost in Tropical Storm Allison, to
be financed by the issuance of bonds in accordance with this
subchapter, including bonds issued in accordance with a systemwide
revenue financing program and secured as provided by that program,
in an aggregate principal amount not to exceed $30 million.
(e) The board may pledge irrevocably to the payment of the
bonds authorized by this section all or any part of the revenue
funds of an institution, branch, or entity of The University of
Texas System, including student tuition charges. 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.
(f) 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 duties and purposes.
(g) The board may not issue bonds authorized by Subsection
(c) at a time that would require the payment of any debt service on
the bonds before September 1, 2004.
Added by Acts 2003, 78th Leg., ch. 615, § 3, eff. June 20, 2003.
§ 55.1743. 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 University of Houston System, including the
individual campuses 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 an
aggregate principal amount not to exceed $25 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. 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 2003, 78th Leg., ch. 615, § 4, eff. June 20, 2003.
§ 55.1744. SOUTHWEST TEXAS STATE UNIVERSITY; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of the Texas State University
System may issue bonds in accordance with this subchapter in the
aggregate principal amount not to exceed $27 million to finance the
acquisition, purchase, construction, improvement, renovation,
enlargement, or equipping of property, buildings, structures,
facilities, or related infrastructure for a multi-institutional
education center in Williamson County for Southwest Texas State
University to offer educational programs and supporting activities
and provide facilities for other educational entities to further
institutional efficiency and coordinate educational programs.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of Southwest Texas State
University, including student tuition charges. 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 2003, 78th Leg., ch. 940, § 2, eff. June 20, 2003;
Acts 2003, 78th Leg., ch. 1319, § 2, eff. June 18, 2003.
§ 55.1749. TEXAS TECH UNIVERSITY SYSTEM; ADDITIONAL
REVENUE BONDS. (a) In addition to the other authority granted by
this subchapter, the board of regents of the Texas Tech University
System may acquire, purchase, construct, improve, renovate,
enlarge, or equip property, buildings, structures, or other
facilities, including roads and related infrastructure, for the
Texas Tech University Health Sciences Center for an academic
building to support the center's educational programs in the city
of El Paso, to be financed by the issuance of bonds in accordance
with this subchapter, including bonds issued in accordance with a
systemwide revenue financing program and secured as provided by
that program, in an aggregate principal amount not to exceed $45
million.
(b) The board may pledge irrevocably to the payment of the
bonds authorized by Subsection (a) all or any part of the revenue
funds of Texas Tech University or the Texas Tech University Health
Sciences Center, including student tuition charges. 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 Texas Tech University and the Texas Tech University
Health Sciences Center to ensure the most equitable and efficient
allocation of available resources for Texas Tech University and the
Texas Tech University Health Sciences Center to carry out their
duties and purposes.
(d) Any portion of the proceeds of bonds authorized by this
section that is not required for the academic building described by
Subsection (a) may be used by the Texas Tech University System to
renovate existing structures and facilities of the Texas Tech
University Health Sciences Center.
Added by Acts 2003, 78th Leg., 3rd C.S., ch. 10, § 10.01, eff.
Oct. 20, 2003.
§ 55.17491. TEXAS SOUTHERN UNIVERSITY; TROPICAL STORM
ALLISON. (a) In addition to the other authority granted by this
subchapter, the board of regents of Texas Southern University may
restore facilities and related infrastructure at Texas Southern
University damaged by Tropical Storm Allison, to be financed by the
issuance of bonds in accordance with this subchapter in an
aggregate principal amount not to exceed $3,510,000.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of Texas Southern
University, including student tuition charges. 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 2003, 78th Leg., 3rd C.S., ch. 10, § 11.01, eff.
Oct. 20, 2003.
§ 55.1751. 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 acquire, purchase, construct, improve, renovate, enlarge, or
equip facilities, including roads and related infrastructure, for
projects to be financed through the issuance of bonds in accordance
with this subchapter and in accordance with a systemwide revenue
financing program adopted by the board for the following
institutions and facilities not to exceed the following aggregate
principal amounts for the projects specified as follows:
(1) Tarleton State University:
(A) $11,124,000 for the Tarleton State
University Dairy Center; and
(B) $24,300,000 for a nursing building;
(2) Texas A&M University--Central Texas, $25 million
for educational and related facilities;
(3) Texas A&M University--Commerce, $21,770,000 for a
music building;
(4) Texas A&M University--Corpus Christi, $45 million
for a nursing, health sciences, and kinesiology facility;
(5) Texas A&M University--Kingsville, $9,540,000 for
the citrus center building;
(6) Texas A&M University--San Antonio, $40 million for
educational and related facilities;
(7) Texas A&M University--Texarkana, $75 million for a
multipurpose library building and central plant;
(8) West Texas A&M University, $16,200,000 for
classroom center renovation;
(9) The Texas A&M University System Health Science
Center, $45 million for a medical education and research building
in College Station, Texas;
(10) Texas A&M University, $75 million for the
Emerging Technologies Interdisciplinary Building;
(11) Texas A&M University at Galveston, $40,050,000
for a science building; and
(12) Texas A&M International University:
(A) $25 million for the student success center;
(B) $4,950,000 for the completion of the fine
arts theater; and
(C) $7,626,600 for the Loop Road and Chill Water
Loop project.
(b) The board may pledge irrevocably to the payment of bonds
authorized by this section 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. 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 duties and purposes.
(d) Notwithstanding Subsection (a), The Texas A&M
University System may not issue bonds under this section for
facilities at Texas A&M University--Central Texas until the Texas
Higher Education Coordinating Board certifies that enrollment at
Texas A&M University--Central Texas has reached an enrollment
equivalent of 1,500 full-time students for one semester. If that
enrollment is not reached by January 1, 2010, the system's
authority to issue bonds for Texas A&M University--Central Texas
under this section expires on that date.
(e) Notwithstanding Subsection (a), The Texas A&M
University System may not issue bonds under this section for
facilities at Texas A&M University--San Antonio until the Texas
Higher Education Coordinating Board certifies that enrollment at
Texas A&M University--San Antonio has reached an enrollment
equivalent of 1,500 full-time students for one semester. If that
enrollment is not reached by January 1, 2010, the system's
authority to issue bonds for Texas A&M University--San Antonio
under this section expires on that date.
Added by Acts 2006, 79th Leg., 3rd C.S., Ch. 9, § 1, eff. May 31,
2006.
§ 55.1752. THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL
BONDS. (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 facilities, including roads and related infrastructure, for
projects to be financed through the issuance of bonds in accordance
with this subchapter and in accordance with a systemwide revenue
financing program adopted by the board for the following
institutions not to exceed the following aggregate principal
amounts for the projects specified as follows:
(1) The University of Texas at Arlington, $70,430,000
for an Engineering Research Building;
(2) The University of Texas at Austin, $105 million
for the renovation of the Experimental Science Building;
(3) The University of Texas at Brownsville,
$33,800,000 for a Science and Technology Learning Center;
(4) The University of Texas at Dallas, $12 million for
a vivarium and experimental space;
(5) The University of Texas at El Paso, $76,500,000
for a physical sciences/engineering core facility;
(6) The University of Texas--Pan American:
(A) $6 million for the Starr County Upper Level
Center; and
(B) $39,796,000 for the fine arts academic and
performance complex;
(7) The University of Texas of the Permian Basin:
(A) $54 million for a science and technology
complex; and
(B) $45 million for an arts convocation and
classroom facility at the CEED;
(8) The University of Texas at San Antonio,
$74,250,000 for an engineering building (phase II);
(9) The University of Texas Southwestern Medical
Center at Dallas, $42 million for the north campus (phase 5);
(10) The University of Texas Medical Branch at
Galveston, $57 million for the Galveston National Laboratory;
(11) The University of Texas Health Science Center at
Houston, $60 million for a replacement building for The University
of Texas Dental Branch at Houston;
(12) The University of Texas Health Science Center at
San Antonio, $60 million for the South Texas Research Facility;
(13) The University of Texas Health Science Center at
Tyler, $21,120,000 for an academic health center;
(14) The University of Texas M. D. Anderson Cancer
Center, $40 million for a Center for Targeted Therapy research
building; and
(15) The University of Texas at Tyler:
(A) $6,300,000 for the expansion of the Palestine
campus; and
(B) $43,200,000 for the completion, renovation,
and expansion of engineering and sciences facilities.
(b) The board may pledge irrevocably to the payment of bonds
authorized by this section all or any part of the revenue funds of
an institution, branch, or entity of The University of Texas
System, including student tuition charges. 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 duties and purposes.
Added by Acts 2006, 79th Leg., 3rd C.S., Ch. 9, § 1, eff. May 31,
2006.
§ 55.17521. THE UNIVERSITY OF TEXAS AT DALLAS: LIMITATIONS
ON CERTAIN DEBT SERVICE REIMBURSEMENT. The state may not
appropriate money to reimburse The University of Texas System for
debt service on long-term obligations related to the construction
of a natural science and engineering research building at The
University of Texas at Dallas in accordance with the economic
development agreement entered into between this state and the board
of regents of the system in excess of the following amounts:
(1) for a state fiscal year before the state fiscal
year ending August 31, 2018, $6,540,600;
(2) for the state fiscal year ending August 31, 2018,
$6,213,570;
(3) for the state fiscal year ending August 31, 2019,
$5,559,510;
(4) for the state fiscal year ending August 31, 2020,
$4,905,450;
(5) for the state fiscal year ending August 31, 2021,
$4,251,390;
(6) for the state fiscal year ending August 31, 2022,
$3,597,330;
(7) for the state fiscal year ending August 31, 2023,
$2,616,240;
(8) for the state fiscal year ending August 31, 2024,
or August 31, 2025, $1,308,120; and
(9) for the state fiscal year ending August 31, 2026,
or August 31, 2027, $654,060.
Added by Acts 2006, 79th Leg., 3rd C.S., Ch. 9, § 2, eff. May 31,
2006.
§ 55.1753. UNIVERSITY OF HOUSTON SYSTEM; ADDITIONAL
BONDS. (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 facilities, including roads and related
infrastructure, for the following institutions, to be financed
through 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) the University of Houston, $57,600,000 for
renovation of science laboratories;
(2) the University of Houston--Clear Lake,
$10,604,808 for Arbor Building renovations and additions;
(3) the University of Houston--Downtown, $31,626,000
for a classroom building at Shea Street; and
(4) the University of Houston--Victoria:
(A) $22,900,000 for an academic building at the
University of Houston System Center at Sugar Land;
(B) $6,719,400 for regional economic
development; and
(C) $1,800,000 for allied health facilities.
(b) The board may pledge irrevocably to the payment of bonds
authorized by this section all or any part of the revenue funds of
an institution, branch, or entity of the University of Houston
System, including student tuition charges. 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 2006, 79th Leg., 3rd C.S., Ch. 9, § 1, eff. May 31,
2006.
§ 55.1754. TEXAS STATE UNIVERSITY SYSTEM; ADDITIONAL
BONDS. (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 facilities, including roads and related
infrastructure, for projects to be financed through the issuance of
bonds in accordance with this subchapter and in accordance with a
systemwide revenue financing program adopted by the board for the
following institutions not to exceed the following aggregate
principal amounts for the projects specified as follows:
(1) Lamar University, $4,500,000 for renovations and
additions to the Lucas Engineering Building;
(2) Lamar State College--Orange, $1,837,280 for
Hibernia Bank Building acquisition and renovation;
(3) Lamar State College--Port Arthur, $1,849,500 for a
computer/learning center;
(4) Texas State University--San Marcos:
(A) $42,700,000 for an undergraduate academic
center; and
(B) $36 million for facilities for the Round Rock
Higher Education Center in Williamson County (phase II); and
(5) Sam Houston State University, $10 million for the
construction of a center for the performing arts (phase I).
(b) The board may pledge irrevocably to the payment of bonds
authorized by this section all or any part of the revenue funds of
an institution, branch, or entity of the Texas State University
System, including student tuition charges. 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 2006, 79th Leg., 3rd C.S., Ch. 9, § 1, eff. May 31,
2006.
§ 55.1755. UNIVERSITY OF NORTH TEXAS SYSTEM; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of the University of North Texas
System may acquire, purchase, construct, improve, renovate,
enlarge, or equip facilities, including roads and related
infrastructure, for projects to be financed through the issuance of
bonds in accordance with this subchapter and in accordance with a
systemwide revenue financing program adopted by the board for the
following institutions and facilities not to exceed the following
aggregate principal amounts for the projects specified as follows:
(1) the University of North Texas, $50 million for the
construction of a College of Business Administration building;
(2) the University of North Texas Health Science
Center at Fort Worth, $41,972,400 for campus expansion and
construction of a public health education building; and
(3) the University of North Texas Dallas Campus, $25
million for a general academic building.
(b) The board may pledge irrevocably to the payment of bonds
authorized by this section all or any part of the revenue funds of
an institution, branch, or entity of the University of North Texas
System, including student tuition charges. 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 North Texas 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.
(d) Notwithstanding Subsection (a), the University of North
Texas System may not issue bonds under this section for facilities
at the University of North Texas Dallas Campus until the Texas
Higher Education Coordinating Board certifies that enrollment at
the University of North Texas Dallas Campus has reached an
enrollment equivalent of 1,500 full-time students for one
semester. If that enrollment is not reached by January 1, 2010,
the system's authority to issue bonds for the University of North
Texas Dallas Campus under this section expires on that date.
Added by Acts 2006, 79th Leg., 3rd C.S., Ch. 9, § 1, eff. May 31,
2006.
§ 55.1756. TEXAS WOMAN'S UNIVERSITY. (a) In addition
to the other authority granted by this subchapter, the board of
regents of Texas Woman's University may acquire, purchase,
construct, improve, renovate, enlarge, or equip facilities,
including roads and related infrastructure, for renovations and
additions to the science building on the Denton campus of Texas
Woman's University, to be financed through the issuance of bonds in
accordance with this subchapter in an aggregate principal amount
not to exceed $21,739,712.
(b) The board may pledge irrevocably to the payment of bonds
authorized by this section all or any part of the revenue funds of
Texas Woman's University, including student tuition charges. 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 2006, 79th Leg., 3rd C.S., Ch. 9, § 1, eff. May 31,
2006.
§ 55.1757. MIDWESTERN STATE UNIVERSITY; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of Midwestern State University may
acquire, purchase, construct, improve, renovate, enlarge, or equip
facilities, including roads and related infrastructure, for
projects at Midwestern State University, to be financed through the
issuance of bonds in accordance with this subchapter not to exceed
the following aggregate principal amounts for the projects
specified as follows:
(1) $7,700,000 for the renovation of the D. L. Ligon
Building; and
(2) $2,700,000 for the Fowler Engineering Building.
(b) The board may pledge irrevocably to the payment of bonds
authorized by this section all or any part of the revenue funds of
Midwestern State University, including student tuition
charges. 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 2006, 79th Leg., 3rd C.S., Ch. 9, § 1, eff. May 31,
2006.
§ 55.1758. STEPHEN F. AUSTIN STATE UNIVERSITY. (a) In
addition to the other authority granted by this subchapter, the
board of regents of Stephen F. Austin State University may acquire,
purchase, construct, improve, renovate, enlarge, or equip
facilities, including roads and related infrastructure, for
projects at Stephen F. Austin State University, to be financed
through the issuance of bonds in accordance with this subchapter
not to exceed the following aggregate principal amounts for the
projects specified as follows:
(1) $20,178,000 for an education research facility;
and
(2) $10 million for a campus deferred maintenance
reduction plan.
(b) The board may pledge irrevocably to the payment of bonds
authorized by this section all or any part of the revenue funds of
Stephen F. Austin State University, including student tuition
charges. 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 2006, 79th Leg., 3rd C.S., Ch. 9, § 1, eff. May 31,
2006.
§ 55.1759. TEXAS TECH UNIVERSITY SYSTEM; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of the Texas Tech University
System may acquire, purchase, construct, improve, renovate,
enlarge, or equip facilities, including roads and related
infrastructure, for projects to be financed through the issuance of
bonds in accordance with this subchapter and in accordance with a
systemwide revenue financing program adopted by the board not to
exceed the following aggregate principal amounts for the projects
specified as follows:
(1) Texas Tech University Health Sciences Center:
(A) $8,010,000 for the School of Pharmacy
expansion in Amarillo;
(B) $18 million for the Amarillo research
facility; and
(C) $6,300,000 for the El Paso Medical Science
Building renovation; and
(2) Texas Tech University:
(A) $25 million for the renovation of a classroom
building;
(B) $25 million for the Rawls College of Business
Administration building; and
(C) $7,500,000 for a law school trial
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