Sec. 55.13. AUTHORITY TO ISSUE REVENUE BONDS. (a) For the purpose of providing funds to acquire, purchase, construct, improve, enlarge, and/or equip any property, buildings, structures, activities, services, operations, or other facilities, for and on behalf of its institution or institutions, or any branch or branches thereof, each board may issue its revenue bonds from time to time and in one or more issue or series, to be payable from and secured by liens on and pledges of all or any part of any of the revenue funds of the board and its institution or institutions, or any branch or branches of any of its institutions.
(b) With respect to all institutions the Texas Public Finance Authority shall exercise the authority of a board to issue revenue bonds on behalf of such institution or institutions, or any branch or branches thereof, in the manner provided by this subchapter, including the authority to issue refunding bonds under Section 55.19 of this code. In connection with the issuance of bonds under this chapter, the Texas Public Finance Authority has all of the rights and duties granted or assigned to and is subject to the same conditions as a board under this chapter. This subsection does not apply to The University of Texas System, The Texas A&M University System, or a component of those systems to an institution authorized to issue bonds under Article VII, Section 17, of the Texas Constitution, or to bonds authorized to be issued by any of those systems, components, or institutions.
(c) Notwithstanding any other provision of this section, with respect to all bonds authorized to be issued by Texas Southern University, the Texas Public Finance Authority shall exercise the authority of a board to issue bonds on behalf of that university, in the manner provided by this subchapter, including the authority to issue refunding bonds under Section 55.19. In connection with the issuance of bonds under this chapter, the Texas Public Finance Authority has all the rights and duties granted or assigned to and is subject to the same conditions as a board under this chapter.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971. Amended by Acts 1991, 72nd Leg., 1st C.S., ch. 4, Sec. 14.01, eff. Jan. 1, 1992; Acts 1997, 75th Leg., ch. 294, Sec. 10, eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1073, Sec. 2.01, eff. Aug. 1, 1997.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 521 (H.B. 2251), Sec. 5, eff. June 17, 2011.
Acts 2021, 87th Leg., R.S., Ch. 417 (H.B. 1522), Sec. 11, eff. September 1, 2021.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 55 - Financing Permanent Improvements
Subchapter B. Revenue Bonds and Facilities
Section 55.11. General Authority
Section 55.111. Certain Allocated Funds to Be Designated as Capital Construction Assistance Projects
Section 55.12. Contracts for Joint Construction
Section 55.13. Authority to Issue Revenue Bonds
Section 55.14. Terms and Conditions
Section 55.15. Disposition of Bond Proceeds
Section 55.16. Board Responsibility
Section 55.165. Oversight of Certain Capital Projects
Section 55.171. Specific Institutions
Section 55.1711. Texas A&m University--Corpus Christi
Section 55.1712. Texas A&m International University
Section 55.1713. The Texas A&m University System
Section 55.1714. The University of Texas System
Section 55.1715. The University of Houston System
Section 55.1716. Texas State University System
Section 55.1717. University of North Texas and Texas College of Osteopathic Medicine
Section 55.1718. Texas Woman's University System
Section 55.172. The University of Texas--Pan American
Section 55.1721. The Texas A&m University System
Section 55.1722. The University of Texas System
Section 55.1723. The University of Houston System
Section 55.1724. Texas State University System
Section 55.1726. Texas Woman's University System
Section 55.173. The University of Houston System
Section 55.1731. The Texas A&m University System; Additional Bonds
Section 55.1732. The University of Texas System; Additional Bonds
Section 55.1733. The University of Houston System; Additional Bonds
Section 55.1734. Texas State University System; Additional Bonds
Section 55.1735. University of North Texas System; Additional Bonds
Section 55.1736. Texas Woman's University System
Section 55.1739. Texas Tech University System; Additional Bonds
Section 55.17391. Texas Southern University; Additional Bonds
Section 55.17392. Texas State Technical College System
Section 55.174. Texas Southern University
Section 55.1741. The Texas A&m University System; Additional Revenue Bonds
Section 55.17411. The Texas A&m University System; Additional Revenue Bonds
Section 55.1742. The University of Texas System; Additional Revenue Bonds
Section 55.1743. The University of Houston System
Section 55.1744. Southwest Texas State University; Additional Bonds
Section 55.1749. Texas Tech University System; Additional Revenue Bonds
Section 55.17491. Texas Southern University; Tropical Storm Allison
Section 55.1751. The Texas A&m University System; Additional Bonds
Section 55.1752. The University of Texas System; Additional Bonds
Section 55.1753. University of Houston System; Additional Bonds
Section 55.1754. Texas State University System; Additional Bonds
Section 55.1755. University of North Texas System; Additional Bonds
Section 55.1756. Texas Woman's University System
Section 55.1759. Texas Tech University System; Additional Bonds
Section 55.17591. Texas Southern University; Additional Bonds
Section 55.17592. Texas State Technical College System
Section 55.1769. Angelo State University
Section 55.1771. Texas A&m University at Galveston
Section 55.17721. The University of Texas Medical Branch at Galveston
Section 55.1781. The Texas A&m University System; Additional Bonds
Section 55.1782. The University of Texas System; Additional Bonds
Section 55.1783. University of Houston System; Additional Bonds
Section 55.1784. Texas State University System; Additional Bonds
Section 55.1785. University of North Texas System; Additional Bonds
Section 55.1786. Texas Woman's University System
Section 55.1789. Texas Tech University System; Additional Bonds
Section 55.17891. Texas Southern University; Additional Bonds
Section 55.17892. Texas State Technical College System
Section 55.17893. Midwestern State University
Section 55.1791. The Texas A&m University System; Additional Bonds
Section 55.1792. The University of Texas System; Additional Bonds
Section 55.1793. University of Houston System; Additional Bonds
Section 55.1794. Texas State University System; Additional Bonds
Section 55.1795. University of North Texas System; Additional Bonds
Section 55.1796. Texas Woman's University; Additional Bonds
Section 55.1798. Texas Tech University System; Additional Bonds
Section 55.1799. Texas Southern University; Additional Bonds
Section 55.17991. Texas State Technical College System
Section 55.18. Bonds Not Obligations of the State
Section 55.19. Refunding Bonds
Section 55.20. Approval and Registration of Bonds
Section 55.21. Bonds Are Authorized Investments and Security for Deposits
Section 55.22. Validation of Bonds and Proceedings
Section 55.23. Cumulative Effect of Subchapter
Section 55.24. Pledges Under Previous Laws to Remain in Effect