(a) The board of regents of the Texas Woman’s University System may levy a regular, fixed student fee of not less than $25 or more than $75 for each semester of the long session and of not less than $12.50 or more than $35 for each term of the summer session on each student enrolled at a component institution of the system, as the board determines is just and necessary for the purpose of financing, improving, operating, maintaining, and equipping student centers and acquiring or constructing additions to student centers.
(b) The board may increase a student fee levied at an institution under this section. If the increase is for more than $3 per fiscal year, a majority of the students enrolled in the institution voting in an election called for that purpose must approve the increase.

(c) Revenue from a fee imposed at an institution under this section shall be deposited to the credit of an account known as the student center fee account under the control of the institution’s student fee advisory committee. Annually, the committee shall submit to the president of the institution its recommendation for any change to the amount of the fee and a complete and itemized budget for the student center together with a complete report of all student center activities conducted during the past year and all expenditures made in connection with those activities. The president shall submit the budget to the board of regents as part of the institution’s institutional budget. The board of regents may make changes in the budget that the board determines are necessary.
(d) Notwithstanding Subsection (a), the board may increase the amount of the fee imposed at an institution for a semester or summer session to an amount that does not exceed $150 if the increase is approved by a majority vote of those students enrolled at the institution participating in a general election called for that purpose. The increased amount under this subsection may not be charged after the fifth academic year in which the increased amount is first charged unless, before the end of that academic year, the institution has issued bonds payable from the fee, in which event the increased amount may not be charged after the academic year in which all such bonds, including refunding bonds for those bonds, have been fully paid.