Texas Education Code
§ 55.17392 — TEXAS STATE TECHNICAL COLLEGE SYSTEM
ED § 55.17392Title 3. HIGHER EDUCATION · Part A. HIGHER EDUCATION IN GENERAL · Ch. 55. FINANCING PERMANENT IMPROVEMENTS · Art. B. REVENUE BONDS AND FACILITIES
Statute text
View on source(a)The board of regents of the Texas State Technical College System may issue in accordance with this subchapter and in accordance with a systemwide revenue financing program adopted by the board bonds for the following institutions not to exceed the following aggregate principal amounts for projects specified as follows:
(1)Texas State Technical College--Harlingen, $3.4 million to construct a facility for a learning resource center and distance learning center;
(2)Texas State Technical College--Marshall, $1,785,000 to construct a facility for a library and administrative activities;
(3)Texas State Technical College--Waco, $3.4 million to renovate the industrial technology center; and
(4)Texas State Technical College--West Texas, $2,295,000 to construct a transportation technologies building.
(b)The board may pledge irrevocably to the payment of those bonds all or any part of the revenue funds of an institution, branch, or entity of the Texas State Technical College 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.
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Legislative history
Added by Acts 2001, 77th Leg., ch. 1432, Sec. 3, eff. Sept. 1, 2001.