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TX HB2855
Bill
Status
2/14/2025
Primary Sponsor
Vincent Perez
Click for details
AI Summary
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Authorizes the University of Texas System Board of Regents to issue revenue bonds up to $100 million for construction of a student success building at UT El Paso
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Permits the board to acquire, purchase, construct, improve, renovate, enlarge, or equip property and facilities, including roads and related infrastructure, for the project
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Allows the board to irrevocably pledge revenue funds from any UT System institution, branch, or entity, including student tuition charges, to pay the bonds
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Authorizes the board to transfer funds among UT System institutions if sufficient funds are not available to meet bond obligations
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Takes effect September 1, 2025
Legislative Description
Relating to authorizing the issuance of revenue bonds for certain capital projects at The University of Texas at El Paso.
Education
Last Action
Referred to Higher Education
3/19/2025