The bill, S.B. No. 1017, authorizes the issuance of revenue bonds for capital projects at The University of Texas at El Paso (UTEP). It adds a new section, 55.17992, to the Education Code, which allows the board of regents of The University of Texas System to acquire, construct, and improve facilities, specifically for a student success building, with a maximum bond issuance of $100 million. The board is also permitted to pledge revenue funds, including student tuition, to secure the bonds, ensuring that such pledges cannot be reduced while the bonds are outstanding. Additionally, if the board lacks sufficient funds, it may transfer resources among institutions within the system to ensure equitable allocation.

The bill clarifies that it does not alter any existing authority or restrictions related to the activities of public higher education institutions concerning facilities financed by the bonds. The provisions of this act will take effect on September 1, 2025.

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