Texas Education Code - Section 55.1722. The University Of Texas System
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§ 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.
Section: 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 55.1728 55.173
Last modified: August 10, 2007
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