Texas Education Code - Section 55.17392. Texas State Technical College System
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§ 55.17392. TEXAS STATE TECHNICAL COLLEGE SYSTEM. (a)
The board of regents of the Texas State Technical College 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 for projects specified as follows:
(1) Texas State Technical College--Harlingen, $3.4
million to construct a facility for a learning resource center and
distance learning center;
(2) Texas State Technical College--Marshall,
$1,785,000 to construct a facility for a library and administrative
activities;
(3) Texas State Technical College--Waco, $3.4 million
to renovate the industrial technology center; and
(4) Texas State Technical College--West Texas,
$2,295,000 to construct a transportation technologies 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 Texas State Technical College 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 Texas State
Technical College 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.
Section: 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 55.1749
Last modified: August 10, 2007
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