Texas Education Code - Section 55.17591. Texas Southern University; Additional Bonds
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§ 55.17591. TEXAS SOUTHERN UNIVERSITY; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of Texas Southern University may
acquire, purchase, construct, improve, renovate, enlarge, or equip
facilities, including roads and related infrastructure, for
projects at Texas Southern 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) $31,500,000 for the School of Science and
Technology; and
(2) $15 million for a branch campus multipurpose
Academic Center (MAC).
(b) The board may pledge irrevocably to the payment of bonds
authorized by this section all or any part of the revenue funds of
Texas Southern 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.
(c) Notwithstanding Subsection (a), the board of regents of
Texas Southern University may not issue bonds under this section
for a branch campus multipurpose Academic Center (MAC) until the
Texas Higher Education Coordinating Board grants Texas Southern
University the approval to operate the branch campus. If approval
to operate the branch campus is not granted by January 1, 2010, the
board of regents' authority to issue bonds for a multipurpose
Academic Center (MAC) under this section expires on that date.
Added by Acts 2006, 79th Leg., 3rd C.S., ch. 9, § 1, eff. May 26,
2006.
Section: 55.1753 55.1754 55.1755 55.1756 55.1757 55.1758 55.1759 55.17591 55.17592 55.18 55.19 55.20 55.21 55.22 55.23
Last modified: August 10, 2007
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