Texas Education Code - Section 55.174. Texas Southern University
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§ 55.174. TEXAS SOUTHERN UNIVERSITY. (a) In addition to
other authority granted by this subchapter, the board of regents of
Texas Southern University may acquire, purchase, construct,
improve, renovate, enlarge, or equip property, buildings,
structures, facilities, roads, or related infrastructure for Texas
Southern University to be financed by the issuance of bonds in
accordance with this subchapter and in accordance with a revenue
financing program adopted by the board in an aggregate principal
amount not to exceed $18 million.
(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.
Added by Acts 1997, 75th Leg., ch. 748, § 3, eff. Sept. 1, 1997.
Section: 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 55.17491
Last modified: August 10, 2007
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