Sec. 107.62. OBLIGATIONS; PLEDGE OF REVENUE. In payment for the erecting and equipping of dormitories and improvements, the board may issue its obligations in the amount and on the terms deemed advisable by the board. As security the board may pledge the income from the dormitories and improvements erected or from other dormitories owned by the system, as well as all other revenue derived by the system from other sources, except revenue derived by means of appropriations made for a specific purpose by the legislature.
Acts 1971, 62nd Leg., p. 3254, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 145 (S.B. 1126), Sec. 10, eff. May 26, 2021.
Structure Texas Statutes
Subtitle F - Other Colleges and Universities
Chapter 107 - Texas Woman's University System
Subchapter D. Dormitories and Improvements
Section 107.61. Construction of Dormitories and Improvements
Section 107.62. Obligations; Pledge of Revenue
Section 107.63. Sale of Real Estate
Section 107.64. Required Dormitory Residence
Section 107.65. Management of Dormitories
Section 107.66. Requisition of Furnishings, Equipment, Etc
Section 107.67. Limitation on Obligations