Texas Education Code - Section 55.171. Specific Institutions
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§ 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.
Section: 55.11 55.12 55.13 55.14 55.15 55.16 55.17 55.171 55.1711 55.1712 55.1713 55.1714 55.1715 55.1716 55.1717
Last modified: August 10, 2007
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