Tex.
Educ. Code Section 55.17721
The University of Texas Medical Branch at Galveston
(a)
In addition to the other authority granted by this subchapter and subject to the other provisions of this section, the board of regents of The University of Texas System may acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, roads, or related infrastructure for The University of Texas Medical Branch at Galveston for any purpose reasonably necessary to assist the institution to recover from any damage or other impact caused by Hurricane Ike, to be financed by the issuance of bonds in accordance with this subchapter, including bonds issued in accordance with a systemwide revenue financing program and secured as provided by that program, in an aggregate principal amount not to exceed $150 million.(b)
The board may pledge irrevocably to the payment of the bonds authorized by this section all or any part of the revenue funds of an institution, branch, or entity of The University of Texas 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 University of Texas 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)
Repealed by Acts 2015, 84th Leg., R.S., Ch. 917 , Sec. 2, eff. September 1, 2015.(e)
Repealed by Acts 2015, 84th Leg., R.S., Ch. 917 , Sec. 2, eff. September 1, 2015.(1)
Texas A&M University--Commerce, $48 million for construction of a nursing and health sciences building;(2)
Texas A&M University--Corpus Christi, $60 million for construction of a life sciences research and engineering building;(3)
Texas A&M University--Kingsville, $60 million for an educational complex;(4)
Texas A&M University--Texarkana, $32 million for construction of an academic and student services building;(5)
West Texas A&M University:(A)
$38,160,000 for construction of an agricultural sciences complex; and(B)
$7,200,000 for renovation of the Amarillo Center;(6)
The Texas A&M University System Health Science Center:(A)
$72 million for construction of a dental clinic facility at the Baylor College of Dentistry; and(B)
$72 million for construction of a multidisciplinary research and education facility in Bryan, Texas;(7)
Texas A&M International University, $55,200,000 for library renovation through the addition of instructional and support spaces;(8)
Prairie View A&M University, $28,632,000 for construction of a fabrication center and capital improvements;(9)
Tarleton State University:(A)
$54 million for construction of an applied sciences building; and(B)
$39,600,000 for construction of a southwest metroplex building in Tarrant County;(10)
Texas A&M University, $75 million for construction of a biocontainment research facility;(11)
Texas A&M University at Galveston, $60 million for construction of a classroom and laboratory facility and campus infrastructure;(12)
Texas A&M University--Central Texas, $36 million for construction of a multipurpose building; and(13)
Texas A&M University--San Antonio, $63 million for construction of a science and technology building and campus infrastructure.(b)
The board may pledge irrevocably to the payment of bonds authorized by this section 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.
Source:
Section 55.17721 — The University of Texas Medical Branch at Galveston, https://statutes.capitol.texas.gov/Docs/ED/htm/ED.55.htm#55.17721 (accessed Jun. 5, 2024).
