Texas Education Code - Section 55.1742. The University Of Texas System; Additional Revenue Bonds
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§ 55.1742. THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL
REVENUE BONDS. (a) In addition to the other authority granted by
this subchapter, the board of regents of The University of Texas
System may acquire, purchase, construct, improve, renovate,
enlarge, or equip property, buildings, structures, facilities,
roads, or related infrastructure for The University of Texas Health
Science Center at Houston for recovery from the damage caused by
Tropical Storm Allison, to be financed by the issuance of bonds in
accordance with this subchapter, including bonds issued in
accordance with a systemwide revenue financing program and secured
as provided by that program, in an aggregate principal amount not to
exceed $34.9 million.
(b) In addition to the other authority granted by this
subchapter, the board of regents of The University of Texas System
may acquire, purchase, construct, improve, renovate, enlarge, or
equip property, buildings, structures, facilities, roads, or
related infrastructure for The University of Texas M. D. Anderson
Cancer Center for biotechnology research and development
facilities, to be financed by the issuance of bonds in accordance
with this subchapter, including bonds issued in accordance with its
systemwide revenue financing program and secured as provided by
that program, in an aggregate principal amount not to exceed $20
million.
(c) In addition to the other authority granted by this
subchapter, the board of regents of The University of Texas System
may acquire, purchase, construct, improve, renovate, enlarge, or
equip property, buildings, structures, or other facilities,
including roads and related infrastructure, for The University of
Texas Southwestern Medical Center at Dallas, to be used primarily
to conduct biomedical research and to be financed by the issuance of
bonds in accordance with this subchapter, including bonds issued in
accordance with a systemwide revenue financing program and secured
as provided by that program, in an aggregate principal amount not to
exceed $56 million.
(d) In addition to the other authority granted by this
subchapter, the board of regents of The University of Texas System
may acquire, purchase, construct, improve, renovate, enlarge, or
equip property, buildings, structures, or other facilities,
including roads and related infrastructure, for The University of
Texas Health Science Center at Houston for the replacement of
research and academic facilities lost in Tropical Storm Allison, to
be financed by the issuance of bonds in accordance with this
subchapter, including bonds issued in accordance with a systemwide
revenue financing program and secured as provided by that program,
in an aggregate principal amount not to exceed $30 million.
(e) The board may pledge irrevocably to the payment of the
bonds authorized by this section 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.
(f) 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.
(g) The board may not issue bonds authorized by Subsection
(c) at a time that would require the payment of any debt service on
the bonds before September 1, 2004.
Added by Acts 2003, 78th Leg., ch. 615, § 3, eff. June 20, 2003.
Section: 55.1738 55.1739 55.17391 55.17392 55.174 55.1741 55.17411 55.1742 55.1743 55.1744 55.1749 55.17491 55.1751 55.1752 55.17521
Last modified: August 10, 2007
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