Opinion No.

Honorable Oscar H. Mauzy Chairman Senate Education Committee Texas Senate, State Capitol Austin, Texas 78711

Re: Issue of new tuition revenue bonds under chapter 55 of the Education Code

Dear Senator Mauzy:

You have asked whether universities authorized to issue tuition revenue bonds up to certain maximum amounts under the provisions of sections 55.17, 55.171 and 55.172 of the Education Code can issue new bonds as they retire the original debt, so long as the statutory maximum amount is not exceeded.

Section 55.17(e)(2) authorizes the board of regents of Texas Tech University to issue tuition…