The bill, S.B. No. 1096, authorizes the issuance of revenue bonds for capital projects at the Texas Tech University Health Sciences Center at El Paso. It adds a new section, 55.17999, to the Education Code, which grants the board of regents of the Texas Tech University System the authority to acquire, construct, and equip facilities, specifically for an oral health care center. The total amount of bonds that can be issued for this purpose is capped at $162,000,000. Additionally, the board may 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.

Furthermore, the bill allows the board to transfer funds among different institutions within the Texas Tech University System if there are insufficient funds to meet obligations under this section, ensuring equitable resource allocation. The bill clarifies that it does not alter any existing authority or restrictions related to the activities of public institutions of higher education concerning facilities financed by the bonds. The provisions of this act are set to take effect on September 1, 2025.

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