Texas Education Code - Section 55.02. Systemwide Revenue Financing Program
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§ 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.
Section: 54.711 54.712 54.713 54.714 54.715 54.716 55.01 55.02 55.03 55.04 55.11 55.12 55.13 55.14 55.15
Last modified: August 10, 2007
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