Section 55.17521. The University of Texas at Dallas: Limitations on Certain Debt Service Reimbursement

TX Educ Code § 55.17521 (2019) (N/A)

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Sec. 55.17521. THE UNIVERSITY OF TEXAS AT DALLAS: LIMITATIONS ON CERTAIN DEBT SERVICE REIMBURSEMENT. The state may not appropriate money to reimburse The University of Texas System for debt service on long-term obligations related to the construction of a natural science and engineering research building at The University of Texas at Dallas in accordance with the economic development agreement entered into between this state and the board of regents of the system in excess of the following amounts:

(1) for a state fiscal year before the state fiscal year ending August 31, 2018, $6,540,600;

(2) for the state fiscal year ending August 31, 2018, $6,213,570;

(3) for the state fiscal year ending August 31, 2019, $5,559,510;

(4) for the state fiscal year ending August 31, 2020, $4,905,450;

(5) for the state fiscal year ending August 31, 2021, $4,251,390;

(6) for the state fiscal year ending August 31, 2022, $3,597,330;

(7) for the state fiscal year ending August 31, 2023, $2,616,240;

(8) for the state fiscal year ending August 31, 2024, or August 31, 2025, $1,308,120; and

(9) for the state fiscal year ending August 31, 2026, or August 31, 2027, $654,060.

Added by Acts 2006, 79th Leg., 3rd C.S., Ch. 9 (H.B. 153), Sec. 2, eff. May 31, 2006.

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