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Texas Education Code - Section 55.1732. The University Of Texas System; Additional Bonds

Legal Research Home > Texas Lawyer > Education Code > Texas Education Code - Section 55.1732. The University Of Texas System; Additional Bonds

§ 55.1732. THE UNIVERSITY OF TEXAS SYSTEM;  ADDITIONAL 
BONDS.  (a) In addition to the other authority granted by this 
subchapter, the board of regents of The University of Texas System 
may issue in accordance with this subchapter and in accordance with 
a systemwide revenue financing program adopted by the board bonds 
for the following institutions not to exceed the following 
aggregate principal amounts to finance projects specified as 
follows:
		(1)  The University of Texas at Arlington, $16,635,945 
to construct a science building;
		(2)  The University of Texas at Brownsville, 
$26,010,000 to construct a life and health science and education 
facility (Phase II) and to procure and install permanent equipment 
and other fixtures in the facility;
		(3)  The University of Texas at Dallas, $21,993,750 to 
renovate and develop space at the Founders Hall, Founders Annex, 
and Berkner Hall;
		(4)  The University of Texas at El Paso, $12,750,000 to 
construct a biomedical and health sciences research center;
		(5)  The University of Texas--Pan American, 
$29,950,000 for education complex, library, and multipurpose 
center renovation and construction;
		(6)  The University of Texas of the Permian Basin, 
$5,610,000 for integrated Mesa Building renovations and gymnasium 
renovations;
		(7)  The University of Texas at San Antonio, 
$22,950,000 to construct a science building on the main campus;
		(8)  The University of Texas at Tyler, $20,910,000 to 
construct an engineering, sciences, and technology building and 
make other physical plant improvements;
		(9)  The University of Texas Southwestern Medical 
Center at Dallas, $40 million for North Campus phase IV 
construction;
		(10)  The University of Texas Medical Branch at 
Galveston, $20 million to renovate and expand research facilities;
		(11)  The University of Texas Health Science Center at 
Houston, $19,550,000 to construct or purchase a classroom building 
that includes facilities for clinical teaching and clinical 
research;
		(12)  The University of Texas Health Science Center at 
San Antonio, $28.9 million to construct a facility for student 
services and academic administration and to construct and develop a 
facility at the Laredo Extension Campus for educational and 
administrative purposes;
		(13)  the Regional Academic Health Center established 
under Section 74.611, $25.5 million to construct a teaching and 
learning laboratory in or near the city of Harlingen;
		(14)  The University of Texas Health Center at Tyler, 
$11,513,250 to construct a biomedical research center addition;  
and
		(15)  The University of Texas M. D. Anderson Cancer 
Center, $20 million to construct a basic sciences research 
building.
	(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.  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 duties and purposes. 
	(d)  Any portion of the proceeds of bonds authorized by this 
section for one or more specified projects at an institution that is 
not required for the specified projects may be used to renovate 
existing structures and facilities at the institution.

Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.  
Amended by Acts 2003, 78th Leg., ch. 615, § 1, eff. June 20, 
2003.

Last modified: August 10, 2007