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TX SB1095
Bill
Status
2/4/2025
Primary Sponsor
Cesar Blanco
Click for details
AI Summary
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Authorizes the Texas State University System board of regents to issue revenue bonds up to $70,000,000 for Sul Ross State University capital projects
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Funds may be used to acquire, construct, improve, renovate, or equip property and facilities, including roads and infrastructure, for expansion of agricultural, life, and physical sciences facilities
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The board may irrevocably pledge revenue funds from any Texas State University System institution, including student tuition charges, to secure bond payments
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Allows the board to transfer funds among system institutions if needed to meet bond obligations
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Takes effect immediately upon receiving two-thirds vote of both legislative chambers, otherwise effective September 1, 2025
Legislative Description
Relating to authorizing the issuance of revenue bonds for certain capital projects at Sul Ross State University.
Education
Last Action
Referred to Education K-16
2/24/2025