The University of Texas failed to win legislative financing this year to help pay for a new engineering education and research center, its top bricks-and-mortar priority. The university’s governing board on Thursday is expected to approve a fallback plan that would require the campus to bear a larger share of the project’s $310 million cost.
The Austin flagship had asked the Legislature to authorize $95 million in construction bonds for the engineering center. But lawmakers failed to reach agreement on a package of about $2.7 billion in such bonds for public universities during this year’s regular legislative session. And Gov. Rick Perry declined to add construction bonds to lawmakers’ to-do list during three subsequent special sessions.
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