Relating to authorizing the issuance of revenue bonds for certain capital projects at Sul Ross State University.
SB 1095 authorizes Sul Ross State University to issue up to $70 million in revenue bonds for capital projects, specifically expanding agricultural, life, and physical sciences facilities. The bonds would be secured by pledges of university revenue, including student tuition charges, which cannot be reduced while the bonds are outstanding. This bill directly affects Sul Ross State University and the Texas State University System, providing a financing mechanism for campus infrastructure improvements. The legislation does not alter the university's operational authority but establishes a new funding pathway for designated capital projects.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2025
Last action Feb 24, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Feb 24, 2025
Committee
Referred to Education K-16
upper
Feb 24, 2025
Introduced
Read first time
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
CB
César Blanco
DDemocratic
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