Texas Education Code - Section 55.1751. The Texas A&M University System; Additional Bonds
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§ 55.1751. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of The Texas A&M University System
may acquire, purchase, construct, improve, renovate, enlarge, or
equip facilities, including roads and related infrastructure, for
projects to be financed through the issuance of bonds in accordance
with this subchapter and in accordance with a systemwide revenue
financing program adopted by the board for the following
institutions and facilities not to exceed the following aggregate
principal amounts for the projects specified as follows:
(1) Tarleton State University:
(A) $11,124,000 for the Tarleton State
University Dairy Center; and
(B) $24,300,000 for a nursing building;
(2) Texas A&M University--Central Texas, $25 million
for educational and related facilities;
(3) Texas A&M University--Commerce, $21,770,000 for a
music building;
(4) Texas A&M University--Corpus Christi, $45 million
for a nursing, health sciences, and kinesiology facility;
(5) Texas A&M University--Kingsville, $9,540,000 for
the citrus center building;
(6) Texas A&M University--San Antonio, $40 million for
educational and related facilities;
(7) Texas A&M University--Texarkana, $75 million for a
multipurpose library building and central plant;
(8) West Texas A&M University, $16,200,000 for
classroom center renovation;
(9) The Texas A&M University System Health Science
Center, $45 million for a medical education and research building
in College Station, Texas;
(10) Texas A&M University, $75 million for the
Emerging Technologies Interdisciplinary Building;
(11) Texas A&M University at Galveston, $40,050,000
for a science building; and
(12) Texas A&M International University:
(A) $25 million for the student success center;
(B) $4,950,000 for the completion of the fine
arts theater; and
(C) $7,626,600 for the Loop Road and Chill Water
Loop project.
(b) The board may pledge irrevocably to the payment of bonds
authorized by this section all or any part of the revenue funds of
an institution, branch, or entity of The Texas A&M University
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 A&M
University 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) Notwithstanding Subsection (a), The Texas A&M
University System may not issue bonds under this section for
facilities at Texas A&M University--Central Texas until the Texas
Higher Education Coordinating Board certifies that enrollment at
Texas A&M University--Central Texas has reached an enrollment
equivalent of 1,500 full-time students for one semester. If that
enrollment is not reached by January 1, 2010, the system's
authority to issue bonds for Texas A&M University--Central Texas
under this section expires on that date.
(e) Notwithstanding Subsection (a), The Texas A&M
University System may not issue bonds under this section for
facilities at Texas A&M University--San Antonio until the Texas
Higher Education Coordinating Board certifies that enrollment at
Texas A&M University--San Antonio has reached an enrollment
equivalent of 1,500 full-time students for one semester. If that
enrollment is not reached by January 1, 2010, the system's
authority to issue bonds for Texas A&M University--San Antonio
under this section expires on that date.
Added by Acts 2006, 79th Leg., 3rd C.S., ch. 9, § 1, eff. May 26,
2006.
Section: 55.1741 55.17411 55.1742 55.1743 55.1744 55.1749 55.17491 55.1751 55.1752 55.17521 55.1753 55.1754 55.1755 55.1756 55.1757
Last modified: August 10, 2007
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