Sec. 55.1744.  SOUTHWEST TEXAS STATE UNIVERSITY;  ADDITIONAL BONDS.  (a)  In addition to the other authority granted by this subchapter, the board of regents of the Texas State University System may issue bonds in accordance with this subchapter in the aggregate principal amount not to exceed $27 million to finance the acquisition, purchase, construction, improvement, renovation, enlargement, or equipping of property, buildings, structures, facilities, or related infrastructure for a multi-institutional education center in Williamson County for Southwest Texas State University to offer educational programs and supporting activities and provide facilities for other educational entities to further institutional efficiency and coordinate educational programs.
(b)  The board may pledge irrevocably to the payment of those bonds all or any part of the revenue funds of Southwest Texas State University, 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.
Added by Acts 2003, 78th Leg., ch. 940, Sec. 2, eff. June 20, 2003;  Acts 2003, 78th Leg., ch. 1319, Sec. 2, eff. June 18, 2003.