reglab/statecodes huggingface dataset:
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 54 - Tuition and Fees › Subchapter J. Texas Achieving a Better Life Experience (Able) Program › Section 54.907. Exemption From Securities Laws

Sec. 54.907.  EXEMPTION FROM SECURITIES LAWS.  An ABLE account is not a security within the meaning of the term as defined by Section 4001.068, Government Code, and is exempt from the provisions of The Securities Act (Title 12, Government Code).
Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.09, eff. January 1, 2022.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 54 - Tuition and Fees › Subchapter J. Texas Achieving a Better Life Experience (Able) Program › Section 54.908. Participation Agreements

Sec. 54.908.  PARTICIPATION AGREEMENTS.  (a)  Under the ABLE program, the board may enter into participation agreements with participants on behalf of designated beneficiaries.
(b)  A participation agreement may include the following terms:
(1)  the requirements and applicable restrictions for:
(A)  opening an ABLE account;
(B)  making contributions to an ABLE account; and
(C)  directly or indirectly, directing the investment of the contributions or balance of the ABLE account;
(2)  the eligibility requirements for a participant to enter into a participation agreement and the rights of that participant;
(3)  the administrative fee and other fees and charges applicable to an ABLE account;
(4)  the terms and conditions under which an ABLE account or participation agreement may be modified, transferred, or terminated;
(5)  the method of disposition of abandoned ABLE accounts; and
(6)  any other terms and conditions the board considers necessary or appropriate, including those necessary to conform the ABLE account to the requirements of Section 529A, Internal Revenue Code, or other applicable federal law.
(c)  The participation agreement may be amended throughout the term of the agreement, including to allow a participant to increase or decrease the level of participation and to change the designated beneficiary or other matters authorized by this section and Section 529A, Internal Revenue Code.
(d)  If the board finds a participant has made a material misrepresentation in the application for a participation agreement or in any communication regarding the ABLE program, the board may liquidate the participant's ABLE account.  If the board liquidates an ABLE account under this subsection, the participant is entitled to a refund, subject to any charges or fees provided by the participation agreement and the Internal Revenue Code.
Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 54 - Tuition and Fees › Subchapter J. Texas Achieving a Better Life Experience (Able) Program › Section 54.9085. Encumbrance or Transfer of Account Prohibited

Sec. 54.9085.  ENCUMBRANCE OR TRANSFER OF ACCOUNT PROHIBITED.  (a)  An ABLE account may not be assigned for the benefit of creditors, used as security or collateral for any loan, or otherwise subject to alienation, sale, transfer, assignment, pledge, encumbrance, or charge.
(b)  Notwithstanding Subsection (a), the state is a permissible creditor upon the death of a designated beneficiary for the purposes set forth in Section 529A, Internal Revenue Code.
Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 54 - Tuition and Fees › Subchapter J. Texas Achieving a Better Life Experience (Able) Program › Section 54.909. Use of Fund Assets

Sec. 54.909.  USE OF FUND ASSETS.  The assets of the program may only be used to:
(1)  make distributions to designated beneficiaries;
(2)  pay the costs of program administration and operations;
(3)  make refunds for cancellations, excess contributions, liquidation under Section 54.908(d), and death, in accordance with a computation method determined by the board;
(4)  roll over funds to another ABLE account to the extent authorized by Section 529A, Internal Revenue Code; and
(5)  make distributions to the state as authorized by Section 529A, Internal Revenue Code.
Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 54 - Tuition and Fees › Subchapter J. Texas Achieving a Better Life Experience (Able) Program › Section 54.910. Designated Beneficiary

Sec. 54.910.  DESIGNATED BENEFICIARY.  (a)  The participant is the designated beneficiary and the owner of the ABLE account except as described by Subsection (b) and as otherwise permitted by Section 529A, Internal Revenue Code.
(b)  If the designated beneficiary of the account is not able to exercise signature authority over the account, or if a designated beneficiary chooses to establish an account but not exercise signature authority, the parent, legal guardian, or other fiduciary of the beneficiary may serve as the participant if permitted by Section 529A, Internal Revenue Code.
(c)  A designated beneficiary may own only one ABLE account, and each ABLE account may have only one owner, except as otherwise permitted by Section 529A, Internal Revenue Code.
Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 527 (S.B. 1184), Sec. 1, eff. June 7, 2019.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 54 - Tuition and Fees › Subchapter J. Texas Achieving a Better Life Experience (Able) Program › Section 54.911. Verification Under Oath

Sec. 54.911.  VERIFICATION UNDER OATH.  The board may require a participant to verify under oath:
(1)  the participant's certification as an eligible individual;
(2)  the participant's selection to change a designated beneficiary;
(3)  the participant's selection to cancel a participation agreement; and
(4)  any other information the board may require.
Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 54 - Tuition and Fees › Subchapter J. Texas Achieving a Better Life Experience (Able) Program › Section 54.912. Cancellation

Sec. 54.912.  CANCELLATION.  (a)  A participant may cancel a participation agreement at will.
(b)  Each participation agreement must provide that the agreement may be canceled on the terms and conditions and on payment of applicable fees and costs as provided by rule.
Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 54 - Tuition and Fees › Subchapter J. Texas Achieving a Better Life Experience (Able) Program › Section 54.913. Reports

Sec. 54.913.  REPORTS.  (a)  The board shall comply with the reporting requirements in Section 529A, Internal Revenue Code.
(b)  The board shall report financial information related to the ABLE program in an annual financial report in accordance with the comptroller's requirements and guidelines for state agencies.
(c)  The board shall include financial information for the ABLE program in the board's annual report posted on the board's website.
(d)  The board shall prepare any other reports required by state or federal rules and regulations.
Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 54 - Tuition and Fees › Subchapter J. Texas Achieving a Better Life Experience (Able) Program › Section 54.914. Confidentiality of Records

Sec. 54.914.  CONFIDENTIALITY OF RECORDS.  (a)  Except as otherwise provided by this section, all information relating to the program is public and subject to disclosure under Chapter 552, Government Code.
(b)  Information relating to a prospective or current participant or designated beneficiary or to a participation agreement, including any personally identifiable information, is confidential except that the board may disclose that information to:
(1)  a participant regarding the participant's account; or
(2)  a state or federal agency as necessary to administer the program or as required by Section 529A, Internal Revenue Code, or other federal or state requirements.
Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 54 - Tuition and Fees › Subchapter J. Texas Achieving a Better Life Experience (Able) Program › Section 54.915. Program Limitations

Sec. 54.915.  PROGRAM LIMITATIONS.  (a)  Nothing in this subchapter or in any participation agreement entered into under this subchapter may be construed to guarantee that amounts saved under the program will be sufficient to cover the qualified disability expenses of a designated beneficiary.
(b)  Nothing in this subchapter or in any participation agreement entered into under this subchapter may be construed to create any obligation of the state, any agency or instrumentality of the state, or a plan manager to guarantee for the benefit of a participant:
(1)  the return of any amount contributed to an account;
(2)  the rate of interest or other return on an account; or
(3)  the payment of interest or other return on an account.
(c)  The board by rule shall require that informational materials used in connection with a contribution to an ABLE account clearly indicate that the account is not insured by this state and that neither the principal deposited nor the investment return is guaranteed by the state.
Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 54 - Tuition and Fees › Subchapter J. Texas Achieving a Better Life Experience (Able) Program › Section 54.916. Termination or Modification of Program

Sec. 54.916.  TERMINATION OR MODIFICATION OF PROGRAM.  (a)  If the comptroller determines that the ABLE program is not financially feasible, the comptroller shall notify the governor and the legislature and recommend that the board not administer an ABLE program or that the program be modified or terminated.  The program may be terminated only by the legislature.
(b)  If the comptroller determines that the ABLE program is not financially feasible, the board may adjust the terms of participation agreements as necessary to ensure the financial feasibility of the program.
(c)  If the legislature terminates the ABLE program, the balance of each ABLE account shall be paid to the participant, to the extent possible.
Added by Acts 2015, 84th Leg., R.S., Ch. 1213 (S.B. 1664), Sec. 2, eff. June 19, 2015.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 55 - Financing Permanent Improvements › Subchapter A. General Provisions › Section 55.01. Definitions

Sec. 55.01.  DEFINITIONS.  In this chapter:
(1)  "Institution of higher education" or "institution" has the meaning assigned to it by Section 61.003(7) of this code, except that "public junior college" is excluded.
(2)  "Governing board" or "board" means the board having management and control of an institution of higher education.
(3)  "Revenue funds" means the revenues, incomes, receipts, rentals, rates, charges, fees, grants, and tuition levied or collected from any public or private source by an institution of higher education, including interest or other income from those funds.
(4)  "Bonds" means bonds, notes, or credit agreements a board is authorized to enter into either by this title or by other laws.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.  Amended by Acts 1993, 73rd Leg., ch. 803, Sec. 1, eff. Sept. 1, 1993;  Acts 1997, 75th Leg., ch. 1073, Sec. 1.04, eff. Aug. 1, 1997.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 55 - Financing Permanent Improvements › Subchapter A. General Provisions › Section 55.02. Systemwide Revenue Financing Program

Sec. 55.02.  SYSTEMWIDE REVENUE FINANCING PROGRAM.  (a)  The governing board of a university system may establish a systemwide revenue financing program to provide funds to acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, roads, or related infrastructure at an institution, branch, or entity of the university system.
(b)  The governing board may issue bonds or notes in accordance with this chapter for any purpose authorized by law as part of the systemwide revenue financing program.
(c)  The governing board may pledge to the payment of any bonds or notes issued as part of the systemwide revenue financing program all or any part of the revenue funds of an institution, branch, or entity of the university system.
(d)  In this section, "university system" has the meaning assigned by Section 61.003 of this code.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 2, eff. Sept. 1, 1993.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 55 - Financing Permanent Improvements › Subchapter A. General Provisions › Section 55.03. Minority-Owned and Women-Owned Businesses

Sec. 55.03.  MINORITY-OWNED AND WOMEN-OWNED BUSINESSES.  (a)  The board of regents of each institution of higher education shall make a good-faith effort to award to minority-owned and women-owned businesses:
(1)  contracts relating to the issuance of bonds by the board under this chapter in the amount of at least 25 percent of the total costs of issuing those bonds;  and
(2)  contracts for the items to be financed by bonds issued by the board in the amount of at least 25 percent of the proceeds of those bonds.
(b)  Not later than October 31 of each academic year, the board of regents shall file with the governor and each house of the legislature a written report containing the following information for the previous academic year for all businesses, minority-owned businesses and women-owned businesses, classified by gender and minority group status:
(1)  the total number of contracts relating to the issuance of bonds by the board under this chapter and to the items to be financed by those bonds;
(2)  the total dollar amount the board of regents must pay under each contract described by Subdivision (1) of this subsection;  and
(3)  the total number of businesses submitting bids or proposals relating to the issuance of bonds by the board under this chapter and to the items to be financed by those bonds.
(c)  In this section:
(1)  "Minority-owned business" means a business entity at least 51 percent of which is owned by members of a minority group or, in the case of a corporation, at least 51 percent of the shares of which are owned by members of a minority group, and that is managed and controlled by members of a minority group in its daily operations.
(2)  "Minority group" includes:
(A)  African Americans;
(B)  American Indians;
(C)  Asian Americans;  and
(D)  Mexican Americans and other Americans of Hispanic origin.
(3)  "Women-owned business" means a business entity at least 51 percent of which is owned by women or, in the case of a corporation, at least 51 percent of the shares of which are owned by women, and that is managed and controlled by women in its daily operations.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 2, eff. Sept. 1, 1993.
2023 Texas Statutes › Education Code › Title 3 - Higher Education › Subtitle A - Higher Education in General › Chapter 55 - Financing Permanent Improvements › Subchapter A. General Provisions › Section 55.04. Cumulative Effect

Sec. 55.04.  CUMULATIVE EFFECT.  (a)  The authority to issue bonds under this chapter is cumulative of all other authority to issue bonds.  The governing board of an institution of higher education may issue bonds under that other authority or may issue bonds under the authority of this chapter.
(b)  This chapter is sufficient authority for a governing board of an institution of higher education to issue bonds under this chapter and to perform all other acts and procedures authorized by this chapter.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 2, eff. Sept. 1, 1993.
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 55.11. General Authority

Sec. 55.11.  GENERAL AUTHORITY.  Each board is authorized to acquire, purchase, construct, improve, enlarge, equip, operate, and/or maintain any property, buildings, structures, activities, services, operations, or other facilities, for and on behalf of its institution or institutions, or any branch or branches thereof.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
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 55.111. Certain Allocated Funds to Be Designated as Capital Construction Assistance Projects

Sec. 55.111.  CERTAIN ALLOCATED FUNDS TO BE DESIGNATED AS CAPITAL CONSTRUCTION ASSISTANCE PROJECTS.  For purposes of this subchapter, funds allocated from the appropriation of general revenue or federal funds to an institution of higher education to supplement revenue funds of the institution described by Section 55.13(a) may be designated as "Capital Construction Assistance Projects."
Added by Acts 2021, 87th Leg., 3rd C.S., Ch. 9 (S.B. 52), Sec. 1, eff. January 18, 2022.
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 55.115. High-Performance, Sustainable Design, Construction, and Renovation Standards for Certain Facilities

Sec. 55.115.  HIGH-PERFORMANCE, SUSTAINABLE DESIGN, CONSTRUCTION, AND RENOVATION STANDARDS FOR CERTAIN FACILITIES.  (a)  This section applies to the construction of an institution of higher education building, structure, or other facility, or the renovation of a building, structure, or other facility the cost of which is more than $2 million, or, if less than $2 million, more than 50 percent of the value of the building, structure, or other facility, if any part of the construction or renovation is financed by revenue bonds issued under this subchapter.
(b)  A building, structure, or other facility to which this section applies must be designed and constructed or renovated so that the building, structure, or other facility complies with high-performance building standards, approved by the board of regents of the institution, that provide minimum requirements for energy use, natural resources use, and indoor air quality.  In approving high-performance building standards, a board of regents shall consider, but is not subject to, the high-performance building evaluation system approved by the state energy conservation office under Section 447.004, Government Code, and may solicit and consider recommendations from the advisory committee appointed under that section.
(c)  Except as provided by this section, a building, structure, or other facility to which this section applies must be designed and constructed or renovated to comply with the applicable energy and water conservation design standards established by the state energy conservation office under Section 447.004, Government Code, unless the institution constructing the building determines that compliance with those standards is impractical and notifies the state energy conservation office of the determination and provides to the office documentation supporting the determination.
Added by Acts 2011, 82nd Leg., R.S., Ch. 937 (H.B. 51), Sec. 1, eff. September 1, 2011.
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 55.12. Contracts for Joint Construction

Sec. 55.12.  CONTRACTS FOR JOINT CONSTRUCTION.  Each board may enter into contracts with municipalities or school districts for the joint construction of museums, libraries, or other buildings.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
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 55.13. Authority to Issue Revenue Bonds

Sec. 55.13.  AUTHORITY TO ISSUE REVENUE BONDS.  (a)  For the purpose of providing funds to acquire, purchase, construct, improve, enlarge, and/or equip any property, buildings, structures, activities, services, operations, or other facilities, for and on behalf of its institution or institutions, or any branch or branches thereof, each board may issue its revenue bonds from time to time and in one or more issue or series, to be payable from and secured by liens on and pledges of all or any part of any of the revenue funds of the board and its institution or institutions, or any branch or branches of any of its institutions.
(b)  With respect to all institutions the Texas Public Finance Authority shall exercise the authority of a board to issue revenue bonds on behalf of such institution or institutions, or any branch or branches thereof, in the manner provided by this subchapter, including the authority to issue refunding bonds under Section 55.19 of this code.  In connection with the issuance of bonds under this chapter, the Texas Public Finance Authority has all of the rights and duties granted or assigned to and is subject to the same conditions as a board under this chapter.  This subsection does not apply to The University of Texas System, The Texas A&M University System, or a component of those systems to an institution authorized to issue bonds under Article VII, Section 17, of the Texas Constitution, or to bonds authorized to be issued by any of those systems, components, or institutions.
(c)  Notwithstanding any other provision of this section, with respect to all bonds authorized to be issued by Texas Southern University, the Texas Public Finance Authority shall exercise the authority of a board to issue bonds on behalf of that university, in the manner provided by this subchapter, including the authority to issue refunding bonds under Section 55.19. In connection with the issuance of bonds under this chapter, the Texas Public Finance Authority has all the rights and duties granted or assigned to and is subject to the same conditions as a board under this chapter.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.  Amended by Acts 1991, 72nd Leg., 1st C.S., ch. 4, Sec. 14.01, eff. Jan. 1, 1992;  Acts 1997, 75th Leg., ch. 294, Sec. 10, eff. Sept. 1, 1997;  Acts 1997, 75th Leg., ch. 1073, Sec. 2.01, eff. Aug. 1, 1997.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 521 (H.B. 2251), Sec. 5, eff. June 17, 2011.
Acts 2021, 87th Leg., R.S., Ch. 417 (H.B. 1522), Sec. 11, eff. September 1, 2021.
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 55.14. Terms and Conditions

Sec. 55.14.  TERMS AND CONDITIONS.  (a)  The bonds may be issued to mature serially or otherwise within not to exceed 50 years from their date, and each board may provide for the subsequent issuance of additional parity bonds, or subordinate lien bonds, under any terms or conditions that may be set forth in the resolution authorizing the issuance of the bonds.
(b)  The bonds, and any interest coupons appertaining thereto, are and shall constitute negotiable instruments within the meaning and for all purposes of the Texas Uniform Commercial Code (provided that the bonds may be issued registrable as to principal alone or as to both principal and interest), and shall be executed, and may be made redeemable prior to maturity, and may be issued in such form, denominations, and manner, and under such terms, conditions, and details, and may be sold in such manner, at such price, and under such terms, and said bonds shall bear interest at such rates, all as shall be determined and provided by the board in the resolution authorizing the issuance of the bonds.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
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 55.15. Disposition of Bond Proceeds

Sec. 55.15.  DISPOSITION OF BOND PROCEEDS.  Proceeds from the sale of the bonds may be used for paying interest on the bonds during the period of the acquisition or construction of any facilities to be provided through the issuance of the bonds, and for providing a reserve for the payment of the principal of and interest on the bonds, and such proceeds may be placed on time deposit or invested, until needed, to the extent, and in the manner provided, in the bond resolution.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
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 55.165. Oversight of Certain Capital Projects

Sec. 55.165.  OVERSIGHT OF CERTAIN CAPITAL PROJECTS.  (a)  This section applies only to a capital project for which the issuance of bonds is specifically authorized under this chapter on or after October 1, 2021.
(b)  Notwithstanding Section 2262.002(a), Government Code, or any other law, a project to which this section applies is subject to oversight by the contract advisory team in accordance with Subchapter C, Chapter 2262, Government Code, and the governing board of the institution of higher education or university system for which a project was authorized shall consult the contract advisory team before expending any funds for purposes of the project.  The contract advisory team shall consider the model guidelines for procurement and construction developed by the capital project oversight advisory commission established by S.B. 52, 87th Legislature, 3rd Called Session, 2021, when consulting with a governing board for purposes of this subsection.
(c)  Notwithstanding Section 322.020(f), Government Code, or any other law, the governing board of an institution of higher education or university system authorized to issue bonds for a project to which this section applies shall report any major contract as defined by Section 322.020(a), Government Code, that is entered into for purposes of the project to the major contracts database maintained by the Legislative Budget Board under Section 322.020, Government Code, not later than the 30th day after the date the contract is executed.
Added by Acts 2021, 87th Leg., 3rd C.S., Ch. 9 (S.B. 52), Sec. 3, eff. January 18, 2022.
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 55.1711. Texas A&m University--Corpus Christi

Sec. 55.1711.  TEXAS A&M UNIVERSITY--CORPUS CHRISTI.  (a)  The board of regents of The Texas A&M University System may acquire, purchase, construct, improve, enlarge, and equip property, buildings, structures, and facilities for Texas A&M University--Corpus Christi, including a classroom, a laboratory, and an office facility;  a central heating and air conditioning plant;  roads, sidewalks, landscaping, and related infrastructure;  and a physical education instructional facility.  The board may finance said facilities through the issuance of bonds pursuant to this subchapter and in accordance with its existing system-wide revenue financing program and may pledge irrevocably to the payment of such bonds all or any part of the aggregate amount of student tuition charges required or authorized by law to be imposed on students enrolled at Texas A&M University--Corpus Christi;  and the amount of any pledge so made shall never be reduced or abrogated while such bonds, or bonds issued to refund such bonds, are outstanding.  Bonds issued pursuant to this subsection may not be issued in an aggregate principal amount exceeding $30 million.
(b)  The bonds issued hereunder and the facilities financed thereby shall be subject to all approvals then required by law.
Added by Acts 1991, 72nd Leg., ch. 438, Sec. 1, eff. June 8, 1991.  Amended by Acts 1997, 75th Leg., ch. 126, Sec. 1, eff. May 19, 1997.
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 55.1712. Texas A&m International University

Sec. 55.1712.  TEXAS A&M INTERNATIONAL UNIVERSITY.  (a)  The board of regents of The Texas A&M University System may acquire, purchase, construct, improve, enlarge, and equip property, buildings, structures, facilities, roads, and related infrastructure for Texas A&M International University.
(b)  The board may finance those items listed under Subsection (a) of this section through the issuance of bonds under this subchapter and in accordance with its existing system-wide revenue financing program.  The board may pledge irrevocably to the payment of those bonds all or any part of the aggregate amount of student tuition charges required or authorized by law to be imposed on students enrolled at Texas A&M International University.  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)  Bonds issued under this section may not be issued in an aggregate principal amount exceeding $30 million.
Added by Acts 1991, 72nd Leg., 1st C.S., ch. 4, Sec. 14.03, eff. Jan. 1, 1992.  Amended by Acts 1993, 73rd Leg., ch. 260, Sec. 10, eff. Sept. 1, 1993.
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 55.1713. The Texas A&m University System

Sec. 55.1713.  THE TEXAS A&M UNIVERSITY SYSTEM.  (a)  In addition to the authority granted by Sections 55.13, 55.14, 55.17, 55.171, 55.1711, 55.1712, and 55.19 of this code, the board of regents of The Texas A&M University System may acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, roads, or related infrastructure for the following institutions to be financed by the issuance of bonds in accordance with this subchapter and in accordance with a systemwide revenue financing program adopted by the board in aggregate principal amounts not to exceed the following amounts:
(1)  Texas A&M University--Corpus Christi, $22 million;
(2)  Texas A&M International University, $36 million;  and
(3)  Texas A&M University--Kingsville, $17 million.
(b)  The board may pledge irrevocably to the payment of those bonds 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 required or authorized by law to be imposed on students enrolled at an institution, branch, or entity of The Texas A&M University System.  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 constitutional and statutory duties and purposes.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 4, eff. Sept. 1, 1993.
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 55.1714. The University of Texas System

Sec. 55.1714.  THE UNIVERSITY OF TEXAS SYSTEM.  (a)  In addition to the authority granted by Sections 55.13, 55.14, 55.17, 55.172, and 55.19 of this code, the board of regents of The University of Texas System may acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, roads, or related infrastructure for the following institutions to be financed by the issuance of bonds in accordance with this subchapter, including bonds issued in accordance with its systemwide revenue financing program and secured as provided by that program, in aggregate principal amounts not to exceed the following amounts:
(1)  The University of Texas at Brownsville, $23.5 million;
(2)  The University of Texas at El Paso, $23 million;
(3)  The University of Texas--Pan American, $26 million;
(4)  The University of Texas at San Antonio, $63.5 million;
(5)  The University of Texas Health Science Center at San Antonio, $25 million;  and
(6)  The University of Texas at Austin, $2 million.
(b)  The board may pledge irrevocably to the payment of those bonds all or any part of the revenue funds of an institution, branch, or entity of The University of Texas System, including student tuition charges required or authorized by law to be imposed on students enrolled at an institution, branch, or entity of The University of Texas System.  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)  Of the proceeds of bonds issued under this section for The University of Texas at San Antonio, $20 million may be used only to acquire, purchase, construct, improve, renovate, enlarge, or equip a downtown campus for that university.  Proceeds of bonds issued under this section for The University of Texas at Austin may be used only to acquire, purchase, construct, renovate, enlarge, or equip the McDonald Observatory.
(d)  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 University of Texas System to ensure the most equitable and efficient allocation of available resources for each institution, branch, or entity to carry out its constitutional and statutory duties and purposes.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 4, eff. Sept. 1, 1993.
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 55.1715. The University of Houston System

Sec. 55.1715.  THE UNIVERSITY OF HOUSTON SYSTEM.  (a)  In addition to the authority granted by Sections 55.13, 55.14, 55.17, 55.171, and 55.19 of this code, the board of regents of the University of Houston System may acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, roads, or related infrastructure for the University of Houston--Downtown to be financed by the issuance of bonds in accordance with this subchapter and in accordance with a systemwide revenue financing program adopted by the board in an aggregate principal amount not to exceed $22.4 million.
(b)  The board may pledge irrevocably to the payment of those bonds all or any part of the revenue funds of an institution, branch, or entity of the University of Houston System, including student tuition charges required or authorized by law to be imposed on students enrolled at an institution, branch, or entity of the University of Houston System.  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 University of Houston 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 1993, 73rd Leg., ch. 803, Sec. 4, eff. Sept. 1, 1993.
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 55.1716. Texas State University System

Sec. 55.1716.  TEXAS STATE UNIVERSITY SYSTEM.  (a)  In addition to the authority granted by Sections 55.13, 55.14, 55.17, and 55.19 of this code, the board of regents of the Texas State University System may acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, roads, or related infrastructure for an institution, branch, or entity of the system to be financed by the issuance of bonds in accordance with this subchapter and in accordance with a systemwide revenue financing program adopted by the board in the aggregate principal amount of $27 million.
(b)  The board may pledge irrevocably to the payment of those bonds all or any part of the revenue funds of an institution, branch, or entity of the Texas State University System, including student tuition charges required or authorized by law to be imposed on students enrolled at an institution, branch, or entity of the Texas State University System.  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 State 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 1993, 73rd Leg., ch. 803, Sec. 4, eff. Sept. 1, 1993.
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 55.1717. University of North Texas and Texas College of Osteopathic Medicine

Sec. 55.1717.  UNIVERSITY OF NORTH TEXAS AND TEXAS COLLEGE OF OSTEOPATHIC MEDICINE.  (a)  The board of regents of the University of North Texas may acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, roads, or related infrastructure for the University of North Texas or the Texas College of Osteopathic Medicine to be financed by the issuance of bonds in accordance with this subchapter in the aggregate principal amounts not to exceed $25 million for the University of North Texas and $10 million for the Texas College of Osteopathic Medicine.
(b)  The board may pledge irrevocably to the payment of those bonds all or any part of the revenue funds of the University of North Texas or the Texas College of Osteopathic Medicine, including student tuition charges required or authorized by law to be imposed on students enrolled at the University of North Texas or the Texas College of Osteopathic Medicine.  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 between the University of North Texas and the Texas College of Osteopathic Medicine to ensure the most equitable and efficient allocation of available resources for the University of North Texas and the Texas College of Osteopathic Medicine to carry out their duties and purposes.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 4, eff. Sept. 1, 1993.
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 55.1718. Texas Woman's University System

Sec. 55.1718.  TEXAS WOMAN'S UNIVERSITY SYSTEM.  (a)  The board of regents of the Texas Woman's University System may acquire, purchase, construct, improve, renovate, enlarge, or equip property, buildings, structures, facilities, roads, or related infrastructure for a component institution of the system to be financed by the issuance of bonds in accordance with this subchapter in the aggregate principal amount of $5 million.
(b)  The board may pledge irrevocably to the payment of those bonds all or any part of the revenue funds of the Texas Woman's University System, including student tuition charges required or authorized by law to be imposed on students enrolled at a component institution of the system.  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.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 4, eff. Sept. 1, 1993.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 145 (S.B. 1126), Sec. 26, eff. May 26, 2021.
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 55.172. The University of Texas--Pan American

Sec. 55.172.  THE UNIVERSITY OF TEXAS--PAN AMERICAN.  (a)  The board of regents of The University of Texas System may construct and equip academic buildings, structures, and facilities for The University of Texas--Pan American, following approval for such construction by the Texas Higher Education Coordinating Board and for these purposes may issue revenue bonds pursuant to this subchapter.  The board may pledge irrevocably to the payment of these revenue bonds all or any part of the aggregate amount of student tuition charges required or authorized by law to be imposed on students enrolled at The University of Texas--Pan American;  and the amount of any pledge so made shall never be reduced or abrogated while the bonds are outstanding.  However, the tuition charges shall not be pledged pursuant to the authority granted by this subsection except to the payment of bonds issued in an aggregate principal amount not to exceed $10 million for the purpose of providing funds to construct and equip academic buildings, structures, and facilities for The University of Texas--Pan American.
(b)  It is provided, however, that no bonds shall be issued hereunder and no tuition shall be pledged thereto unless and until the specific terms and provisions of said bonds and pledge have been first approved by the Texas Higher Education Coordinating Board in accordance with rules and regulations regarding that subject adopted, published, and heard in accordance with Section 61.027 of this code.
Added by Acts 1973, 63rd Leg., p. 488, ch. 212, Sec. 1, eff. Aug. 27, 1973.  Amended by Acts 1989, 71st Leg., ch. 181, Sec. 7, eff. Sept. 1, 1989.
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 55.1721. The Texas A&m University System

Sec. 55.1721.  THE TEXAS A&M UNIVERSITY SYSTEM.  (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, buildings, structures, facilities, roads, or related infrastructure for the following institutions to be financed by the issuance of bonds in accordance with this subchapter and in accordance with a systemwide revenue financing program adopted by the board in aggregate principal amounts not to exceed the following amounts:
(1)  Prairie View A&M University, $15 million;
(2)  Tarleton State University, $15 million;
(3)  Texas A&M University, $12.5 million;
(4)  Texas A&M University Health Science Center, $6 million;
(5)  Texas A&M University--Commerce, $4.2 million;
(6)  Texas A&M University--Corpus Christi, $25 million;
(7)  Texas A&M International University, $39.5 million;
(8)  Texas A&M University--Kingsville, $15 million;
(9)  Texas A&M University--Texarkana, $4 million;  and
(10)  West Texas A&M University, $9 million.
(b)  The board may pledge irrevocably to the payment of those bonds 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 required or authorized by law to be imposed on students enrolled at an institution, branch, or entity of The Texas A&M University System.  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 constitutional and statutory duties and purposes.
(d)  Of the proceeds of bonds authorized by this section for Texas A&M International University, $4.5 million may be used only to purchase library books, journals, and other library materials, equipment, and furniture for the university's library.
Added by Acts 1997, 75th Leg., ch. 748, Sec. 2, eff. Sept. 1, 1997.