Texas Education Code 55.17521 – The University of Texas At Dallas: Limitations On Certain Debt Service Reimbursement
Terms Used In Texas Education Code 55.17521
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means 12 consecutive months. See Texas Government Code 311.005
The state may not appropriate money to reimburse The University of Texas System for debt service on long-term obligations related to the construction of a natural science and engineering research building at The University of Texas at Dallas in accordance with the economic development agreement entered into between this state and the board of regents of the system in excess of the following amounts:
(1) for a state fiscal year before the state fiscal year ending August 31, 2018, $6,540,600;
(2) for the state fiscal year ending August 31, 2018, $6,213,570;
(3) for the state fiscal year ending August 31, 2019, $5,559,510;
(4) for the state fiscal year ending August 31, 2020, $4,905,450;
(5) for the state fiscal year ending August 31, 2021, $4,251,390;
(6) for the state fiscal year ending August 31, 2022, $3,597,330;
(7) for the state fiscal year ending August 31, 2023, $2,616,240;
(8) for the state fiscal year ending August 31, 2024, or August 31, 2025, $1,308,120; and
(9) for the state fiscal year ending August 31, 2026, or August 31, 2027, $654,060.