Texas Education Code

§ 55.1798 — TEXAS TECH UNIVERSITY SYSTEM; ADDITIONAL BONDS

ED § 55.1798Title 3. HIGHER EDUCATION · Part A. HIGHER EDUCATION IN GENERAL · Ch. 55. FINANCING PERMANENT IMPROVEMENTS · Art. B. REVENUE BONDS AND FACILITIES

Statute text

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(a)In addition to the other authority granted by this subchapter, the board of regents of the Texas Tech University System may acquire, purchase, construct, improve, renovate, enlarge, or equip property and facilities, including roads and related infrastructure, for projects to be financed through the issuance of bonds in accordance with this subchapter and in accordance with a systemwide revenue financing program adopted by the board for the following institutions, not to exceed the following aggregate principal amounts for the projects specified, as follows:

(1)Angelo State University, $36 million for a central plant maintenance and renovation;

(2)Texas Tech University:

(A)$72 million for renovations to address deferred maintenance for campus buildings; and

(B)$8 million for maintenance and program enhancement construction in Junction, Texas;

(3)Midwestern State University, $44,922,833 for renovations to an existing building and other campus infrastructure upgrades;

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Legislative history

Added by Acts 2021, 87th Leg., 3rd C.S., Ch. 9 (S.B. 52), Sec. 2, eff. January 18, 2022.