Texas Education Code 55.1751 – the Texas A&M University System; Additional Bonds
(a) In addition to the other authority granted by this subchapter, the board of regents of The Texas A&M University System may acquire, purchase, construct, improve, renovate, enlarge, or equip 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 and facilities not to exceed the following aggregate principal amounts for the projects specified as follows:
(1) Tarleton State University:
(A) $11,124,000 for the Tarleton State University Dairy Center; and
(B) $24,300,000 for a nursing building;
(2) Texas A&M University–Central Texas, $25 million for educational and related facilities;
(3) Texas A&M University–Commerce, $21,770,000 for a music building;
(4) Texas A&M University–Corpus Christi, $45 million for a nursing, health sciences, and kinesiology facility;
(5) Texas A&M University–Kingsville, $9,540,000 for the citrus center building;
(6) Texas A&M University–San Antonio, $40 million for educational and related facilities;
(7) Texas A&M University–Texarkana, $75 million for a multipurpose library building and central plant;
(8) West Texas A&M University, $16,200,000 for classroom center renovation;
(9) The Texas A&M University System Health Science Center, $45 million for a medical education and research building in College Station, Texas;
(10) Texas A&M University, $75 million for the Emerging Technologies Interdisciplinary Building;
(11) Texas A&M University at Galveston, $40,050,000 for a science building; and
(12) Texas A&M International University:
(A) $25 million for the student success center;
(B) $4,950,000 for the completion of the fine arts theater; and
(C) $7,626,600 for the Loop Road and Chill Water Loop project.
(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 A&M 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.
Terms Used In Texas Education Code 55.1751
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
(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 A&M 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.