Tex. Educ. Code Section 55.1799
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 property and facilities, including roads and related infrastructure, for projects 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)

$22,800,000 for renovation of the Nabrit Building;

(2)

$2,400,000 for upgrades to signage and wayfinding;

(3)

$40 million for facility maintenance and renovation; and

(4)

$30 million for construction of a health and wellness center.

(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)

In lieu of financing a project described by Subsection (a) for Texas Southern University, the board may finance in the manner prescribed by that subsection an alternative project for deferred maintenance, infrastructure, or construction at the university in an amount not to exceed the total of the amount authorized for the project and any unspent amount from projects authorized for the university under this chapter. The board shall notify the Texas Higher Education Coordinating Board of an alternative project financed as provided by this subsection.

(d)

For financing of an alternative project as provided by Subsection (c) in an amount that exceeds $25 million, the board must receive prior written approval from the governor and Legislative Budget Board. A request for approval of financing of an alternative project is considered approved unless the governor or the Legislative Budget Board issues a written disapproval not later than the 30th business day after the date of the receipt of the request.
Added by Acts 2021, 87th Leg., 3rd C.S., Ch. 9 (S.B. 52), Sec. 2, eff. January 18, 2022.

Source: Section 55.1799 — Texas Southern University; Additional Bonds, https://statutes.­capitol.­texas.­gov/Docs/ED/htm/ED.­55.­htm#55.­1799 (accessed Jun. 5, 2024).

55.01
Definitions 55.02
Systemwide Revenue Financing Program 55.03
Minority-owned and Women-owned Businesses 55.04
Cumulative Effect 55.11
General Authority 55.12
Contracts for Joint Construction 55.13
Authority to Issue Revenue Bonds 55.14
Terms and Conditions 55.15
Disposition of Bond Proceeds 55.16
Board Responsibility 55.17
Pledges 55.18
Bonds Not Obligations of the State 55.19
Refunding Bonds 55.20
Approval and Registration of Bonds 55.21
Bonds Are Authorized Investments and Security for Deposits 55.22
Validation of Bonds and Proceedings 55.23
Cumulative Effect of Subchapter 55.24
Pledges Under Previous Laws to Remain in Effect 55.25
Applicability of Other Law 55.41
Refunding Bonds 55.111
Certain Allocated Funds to Be Designated as Capital Construction Assistance Projects 55.115
High-performance, Sustainable Design, Construction, and Renovation Standards for Certain Facilities 55.165
Oversight of Certain Capital Projects 55.171
Specific Institutions 55.172
The University of Texas--pan American 55.173
The University of Houston System 55.174
Texas Southern University 55.1714
The University of Texas System 55.1715
The University of Houston System 55.1716
Texas State University System 55.1717
University of North Texas and Texas College of Osteopathic Medicine 55.1718
Texas Woman’s University System 55.1722
The University of Texas System 55.1723
The University of Houston System 55.1724
Texas State University System 55.1725
University of North Texas and University of North Texas Health Science Center at Fort Worth 55.1726
Texas Woman’s University System 55.1728
Stephen F 55.1732
The University of Texas System 55.1733
The University of Houston System 55.1734
Texas State University System 55.1735
University of North Texas System 55.1736
Texas Woman’s University System 55.1738
Stephen F 55.1739
Texas Tech University System 55.1742
The University of Texas System 55.1743
The University of Houston System 55.1744
Southwest Texas State University 55.1749
Texas Tech University System 55.1752
The University of Texas System 55.1753
University of Houston System 55.1754
Texas State University System 55.1755
University of North Texas System 55.1756
Texas Woman’s University System 55.1758
Stephen F 55.1759
Texas Tech University System 55.1768
Stephen F 55.1769
Angelo State University 55.1782
The University of Texas System 55.1783
University of Houston System 55.1784
Texas State University System 55.1785
University of North Texas System 55.1786
Texas Woman’s University System 55.1788
Stephen F 55.1789
Texas Tech University System 55.1792
The University of Texas System 55.1793
University of Houston System 55.1794
Texas State University System 55.1795
University of North Texas System 55.1796
Texas Woman’s University 55.1797
Stephen F 55.1798
Texas Tech University System 55.1799
Texas Southern University 55.17391
Texas Southern University 55.17392
Texas State Technical College System 55.17491
Texas Southern University 55.17521
The University of Texas at Dallas: Limitations on Certain Debt Service Reimbursement 55.17591
Texas Southern University 55.17592
Texas State Technical College System 55.17721
The University of Texas Medical Branch at Galveston 55.17891
Texas Southern University 55.17892
Texas State Technical College System 55.17893
Midwestern State University 55.17991
Texas State Technical College System
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Accessed:
Jun. 5, 2024

§ 55.1799’s source at texas​.gov