The bill, S.B. No. 1096, authorizes the Texas Tech University System's board of regents to issue revenue bonds for capital projects specifically at the Texas Tech University Health Sciences Center at El Paso. It introduces a new section, 55.17999, to the Education Code, allowing the board to acquire, construct, improve, and equip facilities, including an oral health care center, with a total bond issuance not exceeding $162 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, the bill allows the board to transfer funds among various institutions within the Texas Tech University System if there are insufficient funds to meet obligations under this section, promoting equitable resource 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 are set to take effect on September 1, 2025.

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