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Texas Education Code - Section 55.1717. University Of North Texas And Texas College Of Osteopathic Medicine

Legal Research Home > Texas Lawyer > Education Code > Texas Education Code - Section 55.1717. University Of North Texas And Texas College Of Osteopathic Medicine

§ 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.           

Last modified: August 10, 2007