Sec. 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 and 107.63. 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.
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