Texas Education Code - Section 55.172. The University Of Texas--Pan American
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§ 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.
Section: 55.1712 55.1713 55.1714 55.1715 55.1716 55.1717 55.1718 55.172 55.1721 55.1722 55.1723 55.1724 55.1725 55.1726 55.1727
Last modified: August 10, 2007
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