Texas Education Code - Section 55.17391. Texas Southern University; Additional Bonds
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§ 55.17391. TEXAS SOUTHERN UNIVERSITY; ADDITIONAL
BONDS. (a) In addition to other authority granted by this
subchapter, the board of regents of Texas Southern University may
issue in accordance with this subchapter bonds not to exceed $79
million to finance the construction of a science building, the
construction of a building for the school of public affairs, the
renovation of campus facilities, including electrical and piping
systems, and campus landscaping.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of Texas Southern
University, including student tuition charges required or
authorized by law to be imposed on students enrolled at the
university. 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) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects that is not required for
the specified projects may be used to renovate existing structures
and facilities at the institution.
(d) Of the bonds authorized by Subsection (a), $14.5 million
may not be issued before March 1, 2003, and may be used only to
finance campus renovations.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
Section: 55.1733 55.1734 55.1735 55.1736 55.1737 55.1738 55.1739 55.17391 55.17392 55.174 55.1741 55.17411 55.1742 55.1743 55.1744
Last modified: August 10, 2007
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