Relating to authorizing the issuance of revenue bonds for certain capital projects at The University of Texas at El Paso.
SB 1017 authorizes The University of Texas System Board of Regents to issue up to $100 million in revenue bonds specifically for capital projects at The University of Texas at El Paso (UTEP), including a student success building and related infrastructure like roads. The bonds will be secured by a pledged, irrevocable commitment of UTEP's revenue streams - such as student tuition charges - which must remain in place until the bonds are repaid. The bill also permits the UT System Board to transfer funds among its institutions to ensure equitable resource allocation for these projects. This legislation takes effect September 1, 2025, and directly affects UTEP's ability to finance campus improvements without increasing state appropriations.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 30, 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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