Texas Education Code - Section 55.1757. Midwestern State University; Additional Bonds
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§ 55.1757. MIDWESTERN STATE UNIVERSITY; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of Midwestern State University may
acquire, purchase, construct, improve, renovate, enlarge, or equip
facilities, including roads and related infrastructure, for
projects at Midwestern State University, to be financed through the
issuance of bonds in accordance with this subchapter not to exceed
the following aggregate principal amounts for the projects
specified as follows:
(1) $7,700,000 for the renovation of the D. L. Ligon
Building; and
(2) $2,700,000 for the Fowler Engineering Building.
(b) The board may pledge irrevocably to the payment of bonds
authorized by this section all or any part of the revenue funds of
Midwestern State University, 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.
Added by Acts 2006, 79th Leg., 3rd C.S., ch. 9, § 1, eff. May 26,
2006.
Section: 55.1751 55.1752 55.17521 55.1753 55.1754 55.1755 55.1756 55.1757 55.1758 55.1759 55.17591 55.17592 55.18 55.19 55.20
Last modified: August 10, 2007
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