- Leaders from each of the nine University of Texas System campuses made pitches to the Board of Regents Wednesday for tuition revenue bonds to be used on various construction and renovation projects.
- The first TRB pitch came from UT-Austin President Bill Powers, who said if the legislature didn't approve the requested $95 million in TRBs for a $310 million engineering building, the campus could assume the debt with "revenue financing system" bonds.
- The regents ultimately endorsed the 16 projects on the table in the system, which seek a total of $1.1 billion in TRBs, despite suggesting at one point that officials prioritize the projects before any endorsement took place.
From the article:
One by one, leaders of the nine academic and health campuses in the University of Texas System made their pitches for so-called tuition revenue bonds to the Board of Regents today. The Legislature makes the call on such bonds, which pay for construction and renovation projects. But the regents have the authority to decide which projects will be considered by the Legislature in the first place. ...