Monday, July 11, 2005

Tuition Revenue Bonds for UTPA in Play

In State Rep. Aaron Pena's recent blog entry, he has disclosed that UTPA has made a request for $29.9 million in tuition revenue bonds. These bonds allow the University to raise money to construct buildings and other structures and would be paid by future tuitions. Since Pan American joined the UT system, the university has undergone remarkable growth in attendance and construction. Recently, UTPA has been expanding its footprint and is poised to move into the new acquisitions. The request, according to Rep. Pena, is in HB 6 and has a standalone backup in HB 36.
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