Texas Education Code - Section 55.17592. Texas State Technical College System
Legal Research Home >
Texas Lawyer > Education Code > Texas Education Code - Section 55.17592. Texas State Technical College System
§ 55.17592. TEXAS STATE TECHNICAL COLLEGE SYSTEM. (a) In
addition to the other authority granted by this subchapter, the
board of regents of the Texas State Technical College System may
acquire, purchase, construct, improve, renovate, enlarge, or equip
property, buildings, structures, facilities, roads, or related
infrastructure, for HVAC replacement at Texas State Technical
College--Waco, 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 $3,125,520.
(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 Texas State Technical College 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 State
Technical College 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 2006, 79th Leg., 3rd C.S., ch. 9, § 1, eff. May 26,
2006.
Section: 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 55.24
Last modified: August 10, 2007
|
