(a) The board of regents of The Texas A&M University System may acquire, purchase,
construct, improve, enlarge, and equip property, buildings, structures, and facilities
for Texas A&M University--Corpus Christi, including a classroom, a laboratory, and
an office facility; a central heating and air conditioning plant; roads, sidewalks,
landscaping, and related infrastructure; and a physical education instructional facility. The board may finance said facilities through the issuance of bonds pursuant to
this subchapter and in accordance with its existing system-wide revenue financing
program and may pledge irrevocably to the payment of such bonds all or any part of
the aggregate amount of student tuition charges required or authorized by law to be
imposed on students enrolled at Texas A&M University--Corpus Christi; and the amount
of any pledge so made shall never be reduced or abrogated while such bonds, or bonds
issued to refund such bonds, are outstanding. Bonds issued pursuant to this subsection may not be issued in an aggregate principal
amount exceeding $30 million.
(b) The bonds issued hereunder and the facilities financed thereby shall be subject
to all approvals then required by law.
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