Texas Education Code - Section 55.173. The University Of Houston System
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§ 55.173. THE UNIVERSITY OF HOUSTON SYSTEM. (a) In
addition to the authority granted by Sections 55.13, 55.17, 55.171,
55.1715, and 55.19 of this code, the board of regents of the
University of Houston System may acquire, purchase, construct,
renovate, enlarge, and equip buildings, facilities, roads, land,
and infrastructure for the University of Houston-Victoria.
(b) Beginning September 1, 1995, the board may issue bonds
under this subchapter, in accordance with a systemwide revenue
financing program adopted by the board, in an aggregate principal
amount not to exceed $9 million to finance those items.
(c) The board may pledge irrevocably to the payment of those
bonds all or any of the aggregate amount of student tuition charges
required or authorized by law to be imposed on students enrolled at
the University of Houston-Victoria or at a component of the
University of Houston 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.
(d) The board may repay the interest and principal on bonds
issued under this section and maintenance and operations of the
facility with appropriations that otherwise would have been for the
lease of facilities.
Added by Acts 1995, 74th Leg., ch. 462, § 1, eff. Aug. 28, 1995.
Section: 55.1722 55.1723 55.1724 55.1725 55.1726 55.1727 55.1728 55.173 55.1731 55.1732 55.1733 55.1734 55.1735 55.1736 55.1737
Last modified: August 10, 2007
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