Texas § 107.62 OBLIGATIONS; PLEDGE OF REVENUE.

Texas Statutes

§ 107.62 — OBLIGATIONS; PLEDGE OF REVENUE.

Texas § 107.62

Code EDEducation Code

This text of Texas § 107.62 (OBLIGATIONS; PLEDGE OF REVENUE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Education Code Code Ann. § 107.62 (2026).

Text

Sec. 107.62. OBLIGATIONS; PLEDGE OF REVENUE. In payment for the erecting and equipping of dormitories and improvements, the board may issue its obligations in the amount and on the terms deemed advisable by the board. As security the board may pledge the income from the dormitories and improvements erected or from other dormitories owned by the system, as well as all other revenue derived by the system from other sources, except revenue derived by means of appropriations made for a specific purpose by the legislature.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 107.62. OBLIGATIONS; PLEDGE OF REVENUE. In payment for the erecting and equipping of dormitories and improvements, the board may issue its obligations in the amount and on the terms deemed advisable by the board. As security the board may pledge the income from the dormitories and improvements erected or from other dormitories owned by the system, as well as all other revenue derived by the system from other sources, except revenue derived by means of appropriations made for a specific purpose by the legislature.

Legislative History

Acts 1971, 62nd Leg., p. 3254, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971. Amended by: Acts 2021, 87th Leg., R.S., Ch. 145 (S.B. 1126 ), Sec. 10, eff. May 26, 2021.