Texas HB2855 authorizes the issuance of up to $100 million in bonds for capital projects at The University of Texas at El Paso.

Texas HB2855 amends the Education Code to authorize the board of regents of The University of Texas System to finance the construction of a student success building at The University of Texas at El Paso through the issuance of bonds. The bonds can be secured by pledging revenue funds, including student tuition charges, from any institution, branch, or entity of The University of Texas System. The pledge cannot be reduced or abrogated while the bonds are outstanding. If necessary, the board may transfer funds among institutions to meet its obligations.

Texas HB2855 authorizes the issuance of up to $100 million in bonds for capital projects at The University of Texas at El Paso.

Texas HB2855 amends the Education Code to authorize the board of regents of The University of Texas System to finance the construction of a student success building at The University of Texas at El Paso through the issuance of bonds. The bonds can be secured by pledging revenue funds, including student tuition charges, from any institution, branch, or entity of The University of Texas System. The pledge cannot be reduced or abrogated while the bonds are outstanding. If necessary, the board may transfer funds among institutions to meet its obligations.