Texas § ED.55.1782 - THE UNIVERSITY OF TEXAS SYSTEM

§ ED.55.1782. THE UNIVERSITY OF TEXAS SYSTEM

THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL BONDS. (a) In addition to the other authority granted by this subchapter, the board of regents of The University of Texas 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) The University of Texas at Austin, $75 million for renovation of Robert A. Welch Hall; (2) The University of Texas--Rio Grande Valley: (A) $36,432,000 for construction of a multipurpose academic building at the campus in Brownsville; and (B) $30,600,000 for construction of an interdisciplinary engineering academic studies building at the campus in Edinburg; (3) The University of Texas Southwestern Medical Center at Dallas, $80 million for the construction and renovation of a vivarium and academic and laboratory facilities; (4) The University of Texas Health Science Center at San Antonio, $80 million for facility renewal and renovation; (5) The University of Texas M. D. Anderson Cancer Center, $70 million for construction of the Sheikh Zayed Bin Sultan Al Nahyan building; (6) The University of Texas Medical Branch at Galveston, $67,800,000 for construction of a health education center; (7) The University of Texas at Arlington, $70 million for construction of a science and education innovation and research building; (8) The University of Texas at Dallas, $70 million for construction of an engineering building; (9) The University of Texas at El Paso, $70 million for construction of an interdisciplinary research facility; (10) The University of Texas at San Antonio, $70 million for construction of an instructional science and engineering building; (11) The University of Texas at Tyler, $60 million for construction of a STEM building; (12) The University of Texas Health Science Center at Houston, $80 million for the renovation and modernization of educational and research facilities; (13) The University of Texas Health Science Center at Tyler, $14,800,000 for the renovation and modernization of educational and research facilities; and (14) The University of Texas of the Permian Basin, $48 million for construction of engineering and kinesiology buildings. (b) The board may pledge irrevocably to the payment of bonds authorized by this section all or any part of the revenue funds of an institution, branch, or entity of The University of Texas 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 to meet its obligations under this section, the board may transfer funds among institutions, branches, and entities of The University of Texas 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. Added by Acts 2015, 84th Leg., R.S., Ch. 917 (H.B. 100 ), Sec. 1, eff. September 1, 2015.