Texas Education Code - Section 55.1743. The University Of Houston System
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§ 55.1743. THE UNIVERSITY OF HOUSTON SYSTEM. (a) In
addition to the other authority granted by this subchapter, the
board of regents of the University of Houston System may acquire,
purchase, construct, improve, renovate, enlarge, or equip
property, buildings, structures, facilities, roads, or related
infrastructure for the University of Houston System, including the
individual campuses of the system, to be financed by the issuance of
bonds in accordance with this subchapter and in accordance with a
systemwide revenue financing program adopted by the board in an
aggregate principal amount not to exceed $25 million.
(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 Houston 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 Houston 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.
Added by Acts 2003, 78th Leg., ch. 615, § 4, eff. June 20, 2003.
Section: 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 55.1753
Last modified: August 10, 2007
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