Texas § ED.55.1789 - TEXAS TECH UNIVERSITY SYSTEM
Full text of Texas The Texas Constitution § ED.55.1789 — TEXAS TECH UNIVERSITY SYSTEM, with citation guidance and answers to common questions.
§ ED.55.1789. TEXAS TECH UNIVERSITY SYSTEM
TEXAS TECH UNIVERSITY SYSTEM; ADDITIONAL BONDS. (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) Texas Tech University Health Sciences Center: (A) $60,264,000 for construction of Lubbock education, research, and technology facilities; (B) $14,256,000 for construction of the Permian Basin academic facility; and (C) $5,715,000 for construction of the Amarillo Panhandle Clinical/Hospital Simulation; (2) Texas Tech University Health Sciences Center at El Paso, $75,520,000 for construction of the El Paso Medical Science Building II; (3) Texas Tech University, $70 million for construction of an experimental sciences high tech interdisciplinary research building; and (4) Angelo State University, $21,360,000 for construction of a College of Health and Human Services building. (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 Texas Tech 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 to meet its obligations under this section, the board may transfer funds among institutions, branches, and entities of the Texas Tech 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. Added by Acts 2015, 84th Leg., R.S., Ch. 917 (H.B. 100 ), Sec. 1, eff. September 1, 2015.
Frequently Asked Questions About Texas § ED.55.1789
What does The Texas Constitution § ED.55.1789 cover?
Section ED.55.1789 ("TEXAS TECH UNIVERSITY SYSTEM") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.55.1789?
A common citation format is "The Texas Constitution § ED.55.1789" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.55.1789 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.