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TX SB1017
Bill
Status
1/30/2025
Primary Sponsor
Cesar Blanco
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AI Summary
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Authorizes the UT System Board of Regents to issue revenue bonds up to $100 million for construction of a student success building at The University of Texas at El Paso
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Bonds may finance acquisition, purchase, construction, improvement, renovation, enlargement, or equipping of property and facilities, including roads and related infrastructure
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Board may irrevocably pledge revenue funds from any UT System institution, branch, or entity—including student tuition charges—to secure bond payments
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If sufficient funds are unavailable, the board may transfer funds among UT System institutions 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 Education K-16
2/24/2025