Texas Education Code - Section 55.1725. University Of North Texas And University Of North Texas Health Science Center At Fort Worth
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Texas Lawyer > Education Code > Texas Education Code - Section 55.1725. University Of North Texas And University Of North Texas Health Science Center At Fort Worth
§ 55.1725. UNIVERSITY OF NORTH TEXAS AND UNIVERSITY OF
NORTH TEXAS HEALTH SCIENCE CENTER AT FORT WORTH. (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 University
of North Texas Health Science Center at Fort Worth to be financed by
the issuance of bonds in accordance with this subchapter in the
aggregate principal amounts not to exceed $20 million for the
University of North Texas and $19 million for the University of
North Texas Health Science Center at Fort Worth.
(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 University of North Texas Health Science Center
at Fort Worth, including student tuition charges required or
authorized by law to be imposed on students enrolled at the
University of North Texas or the University of North Texas Health
Science Center at Fort Worth. 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 University of
North Texas Health Science Center at Fort Worth to ensure the most
equitable and efficient allocation of available resources for the
University of North Texas and the University of North Texas Health
Science Center at Fort Worth to carry out their duties and purposes.
Added by Acts 1997, 75th Leg., ch. 748, § 2, eff. Sept. 1, 1997.
Section: 55.1717 55.1718 55.172 55.1721 55.1722 55.1723 55.1724 55.1725 55.1726 55.1727 55.1728 55.173 55.1731 55.1732 55.1733
Last modified: August 10, 2007
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