89R4801 AND-F     By: Perez of El Paso H.B. No. 2855       A BILL TO BE ENTITLED   AN ACT   relating to authorizing the issuance of revenue bonds for certain   capital projects at The University of Texas at El Paso.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter B, Chapter 55, Education Code, is   amended by adding Section 55.17992 to read as follows:          Sec. 55.17992.  THE UNIVERSITY OF TEXAS AT EL PASO;   ADDITIONAL BONDS. (a) In addition to the other authority granted   under this subchapter, the board of regents of The University of   Texas System may acquire, purchase, construct, improve, renovate,   enlarge, or equip property and facilities, including roads and   related infrastructure, for The University of Texas at El Paso for   construction of a student success building, to be financed by the   issuance of bonds in accordance with a systemwide revenue financing   program and secured as provided by that program, in an aggregate   principal amount not to exceed $100 million.          (b)  The board may pledge irrevocably to the payment of the   bonds authorized by this section all or any part of the revenue   funds of an institution, branch, or entity of The University of   Texas System, including student tuition charges. The amount of a   pledge made under this subsection may not be reduced or abrogated   while the bonds for which the pledge is made, or bonds issued to   refund those bonds, are outstanding.          (c)  If sufficient funds are not available to the board to   meet its obligations under this section, the board may transfer   funds among institutions, branches, and entities of The University   of Texas System to ensure the most equitable and efficient   allocation of available resources for each institution, branch, or   entity to carry out its duties and purposes.          SECTION 2.  This Act does not affect any authority or   restriction regarding the activities that a public institution of   higher education may conduct in connection with a facility financed   by bonds authorized by this Act.          SECTION 3.  This Act takes effect September 1, 2025.