Tex.
Educ. Code Section 55.173
The University of Houston System
(a)
In addition to the authority granted by Sections 55.13 (Authority to Issue Revenue Bonds), 55.17 (Pledges; Parietal Rules; Types of Fees; Additional Pledge of Resources; Acquisition, Etc), 55.171 (Specific Institutions), 55.1715 (The University of Houston System), and 55.19 (Refunding Bonds) of this code, the board of regents of the University of Houston System may acquire, purchase, construct, renovate, enlarge, and equip buildings, facilities, roads, land, and infrastructure for the University of Houston-Victoria.(b)
Beginning September 1, 1995, the board may issue bonds under this subchapter, in accordance with a systemwide revenue financing program adopted by the board, in an aggregate principal amount not to exceed $9 million to finance those items.(c)
The board may pledge irrevocably to the payment of those bonds all or any of the aggregate amount of student tuition charges required or authorized by law to be imposed on students enrolled at the University of Houston-Victoria or at a component of the University of Houston System. 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.(d)
The board may repay the interest and principal on bonds issued under this section and maintenance and operations of the facility with appropriations that otherwise would have been for the lease of facilities.(1)
Prairie View A&M University:(A)
$53 million to construct or renovate engineering facilities, construct and renovate an architecture building, and carry out other campus renovations; and(B)
$15 million to construct a juvenile justice and psychology building;(2)
Tarleton State University, $18.7 million for a library addition and renovation of a mathematics building;(3)
Texas A&M University--Commerce, $14,960,000 to construct a science building;(4)
Texas A&M University--Corpus Christi, $34 million to construct a classroom and laboratory facility and for construction of the Harte Research Center;(5)
Texas A&M International University, $21,620,000 to construct a science building (Phase IV);(6)
Texas A&M University at Galveston, $10,030,000 to construct an engineering building;(7)
Texas A&M University--Kingsville, $20,060,000 to construct facilities for a pharmacy school and to construct a student services building;(8)
Texas A&M University--Texarkana, $17 million to construct a health science building and for library renovation;(9)
West Texas A&M University, $22,780,000 to construct a fine arts complex; and(10)
The Texas A&M University Health Science Center, $14.3 million for construction of classroom and faculty office facilities for the School of Rural Public Health.(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 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)
Any portion of the proceeds of bonds authorized by this section for one or more specified projects at an institution that is not required for the specified projects may be used to renovate existing structures and facilities at the institution.(e)
The bonds authorized by Subsection (a)(1)(B) for Prairie View A&M University may not be issued before March 1, 2003.
Source:
Section 55.173 — The University of Houston System, https://statutes.capitol.texas.gov/Docs/ED/htm/ED.55.htm#55.173 (accessed May 4, 2024).
