Sec. 55.17411. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL REVENUE BONDS. (a) In addition to the other authority granted by this subchapter, the board of regents of The Texas A&M University System may acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, or other facilities, including roads and related infrastructure, for The Texas A&M University System Health Science Center to develop a biosciences research center in the City of Temple, 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 $15 million.
(b) The board of regents 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 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 of regents 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.
(d) If the Temple Health and Bioscience Economic Development District is established, the district is responsible for the payment of debt service on the bonds authorized by this section for any facilities financed by the bonds that are located in the district and used to support the purposes or programs of the district.
(e) The legislature may not appropriate general revenue to pay, or to reimburse the board of regents or Texas A&M University for the payment of, debt service on bonds authorized by this section.
Added by Acts 2003, 78th Leg., ch. 1188, Sec. 3, eff. June 20, 2003.
Renumbered from Education Code, Section 55.1741 by Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 23.001(19), eff. September 1, 2005.
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