2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 55 - Financing Permanent Improvements › Subchapter B. Revenue Bonds and Facilities › Section 55.1781. The Texas A&m University System; Additional Bonds

Sec. 55.1781.  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 property and 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, not to exceed the following aggregate principal amounts for the projects specified, as follows:
(1)  Texas A&M University--Commerce, $48 million for construction of a nursing and health sciences building;
(2)  Texas A&M University--Corpus Christi, $60 million for construction of a life sciences research and engineering building;
(3)  Texas A&M University--Kingsville, $60 million for an educational complex;
(4)  Texas A&M University--Texarkana, $32 million for construction of an academic and student services building;
(5)  West Texas A&M University:
(A)  $38,160,000 for construction of an agricultural sciences complex; and
(B)  $7,200,000 for renovation of the Amarillo Center;
(6)  The Texas A&M University System Health Science Center:
(A)  $72 million for construction of a dental clinic facility at the Baylor College of Dentistry; and
(B)  $72 million for construction of a multidisciplinary research and education facility in Bryan, Texas;
(7)  Texas A&M International University, $55,200,000 for library renovation through the addition of instructional and support spaces;
(8)  Prairie View A&M University, $28,632,000 for construction of a fabrication center and capital improvements;
(9)  Tarleton State University:
(A)  $54 million for construction of an applied sciences building; and
(B)  $39,600,000 for construction of a southwest metroplex building in Tarrant County;
(10)  Texas A&M University, $75 million for construction of a biocontainment research facility;
(11)  Texas A&M University at Galveston, $60 million for construction of a classroom and laboratory facility and campus infrastructure;
(12)  Texas A&M University--Central Texas, $36 million for construction of a multipurpose building; and
(13)  Texas A&M University--San Antonio, $63 million for construction of a science and technology building and campus infrastructure.
(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.
(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.
Added by Acts 2015, 84th Leg., R.S., Ch. 917 (H.B. 100), Sec. 1, eff. September 1, 2015.