Tex. Educ. Code Section 107.67
Limitation on Obligations

In the erecting, or in contracts for the erecting, of dormitories and other improvements, the board may not in any manner incur any indebtedness against the system except as provided in Sections 107.62 (Obligations; Pledge of Revenue) and 107.63 (Sale of Real Estate). The obligations incurred in the erecting of dormitories and other improvements may never be personal obligations of the system but shall be discharged solely from the revenue or property authorized to be pledged for that purpose.
Acts 1971, 62nd Leg., p. 3255, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 145 (S.B. 1126), Sec. 14, eff. May 26, 2021.

Source: Section 107.67 — Limitation on Obligations, https://statutes.­capitol.­texas.­gov/Docs/ED/htm/ED.­107.­htm#107.­67 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 107.67’s source at texas​.gov