The bill, S.B. No. 1095, authorizes the issuance of revenue bonds for capital projects at Sul Ross State University, specifically for the expansion of agricultural, life, and physical sciences facilities. It introduces a new section, 55.17994, to the Education Code, which allows the board of regents of the Texas State University System to finance these projects through bonds not exceeding $70,000,000. The board is also permitted to pledge revenue funds, including student tuition charges, to secure the payment of these bonds, with the stipulation that such pledges cannot be reduced while the bonds are outstanding.

Additionally, the bill provides the board with the flexibility to transfer funds among institutions within the Texas State University System if there are insufficient resources to meet obligations under this section. It clarifies that the act does not alter any existing authority or restrictions related to the activities of public institutions of higher education concerning facilities financed by the authorized bonds. The bill is set to take effect immediately upon receiving a two-thirds vote from both houses or on September 1, 2025, if that vote is not achieved.

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