Texas Statutes
§ 53.44 — OPERATION OF FACILITIES; RATES CHARGED; RESERVE FUNDS.
Texas § 53.44
JurisdictionTexas
Code EDEducation Code
This text of Texas § 53.44 (OPERATION OF FACILITIES; RATES CHARGED; RESERVE FUNDS.) 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. § 53.44 (2026).
Text
Sec. 53.44. OPERATION OF FACILITIES; RATES CHARGED; RESERVE FUNDS.
(a)The facilities may be operated by the authority without the intervention of private profit for the use and benefit of the public, or may be leased to an institution of higher education, or may be operated by the institution under a contract with the authority, the lease or contract to be in effect until any revenue bonds issued in connection with it have been finally retired.
(b)The board shall charge rates for the use of the facilities, or for their lease or operation, that are fully sufficient to pay all expenses in connection with the ownership, operation, and upkeep of the facilities, to pay the interest on the bonds as it becomes due, to create a sinking fund to pay the bonds as they become due, and to create and
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Nearby Sections
15
§ 53.01
SHORT TITLE.§ 53.02
DEFINITIONS.§ 53.11
CREATION OF AUTHORITY.§ 53.12
TERRITORY.§ 53.13
CORPORATE POWERS.§ 53.131
AUTHORITY'S EARNINGS.§ 53.14
BOARD OF DIRECTORS.§ 53.31
NO TAXING POWER.§ 53.32
NO POWER OF EMINENT DOMAIN.§ 53.331
REFINANCING FACILITIES.§ 53.34
REVENUE BONDS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 53.44, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/ED/53.44.