The board may sell or encumber any part of real property owned by the system for the purpose of obtaining funds with which to erect and equip these improvements or for the purpose of securing the payment of its obligations issued to any person, firm, or corporation for the erecting or equipping of these improvements.
Tex. Educ. Code § 107.63
SALE OF REAL ESTATE
Acts 1971, 62nd Leg., p. 3254, ch. 1024, art. 1, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.