Untitled Texas Attorney General Opinion

THEATTORNEYGENERAL OFTEXAS AUSTIN aa. TEXAS BVILL WILSON *lTORN*YGENER*x. June 21, 1962 Col. W. B. Bates, Chairman Opinion No. WW-13.58 Board of Regents University of Houston Re: Whether the Board of Regents Houston, Texas of the University of Houston may legally commence, prior to September 1, 1963, to con- struct a Student Activities Building and related ques- tions under the facts submit- Dear Col. Rates: ted. You have requested an opinion from this office upon the question of: "Whether the Board of Regents of University of Houston may legally commence, prior to Septem- ber 1, 1963, and without cost to the State of Texas, to construct a Student Activities Building upon its campus through funds obtained by private donations plus loan obtained from the United States of America and in connection therewith fix fees and charges against the students for the use of the building and facilities and pledge the reve- nues from such fees and charges for the payment of the loan." In connection with the question posed you further state in your letter that: "The University of Houston has long needed the proposed student activities facilities upon its campus. We now have reason to believe that rivate donors are ready to contribute a total of 12,000,000.00, which will cover equipment, park- ing lot and approximately 1/3rd of the building cost. We are also advised that the Federal Gov- ernment, through the Housing and Home Finance Agency, Community Facilities Administration, Col- lege Housing Program is now prepared to entertain an application for a loan of $2,375,000.00 to com- plete the construction of the proposed facilities. It is also our understanding that the University may apply for the loan on the basis of pledging cola W. EL Rates, page 2 (WW-1358) the project revenues, and a full faith and credit pledge is not required. In view of the great need, of the presen; br;bability of $2,000,- 000.00 in private funds as donations, and the prospect of obtaining a favorable loan from the Federal Government of the balance needed (82,375,- OOO.OO), the Board of Regents feels it to be to the best interest and welfare of the University and of the people of this State, that this project not be delayed until After September 1, 1963, but on the contrary should be commenced as soon as pos- sible." Section 1 of Article 2615g, Vernon's Civil Statutes, enacted by the 57th Legislature Regular Session, 1961, provides for the creation of the University of Houston to be conducted, maintained and operated under a Board of Regents. Section 2 of Article 2615g provides for the appointment of a Board of Regents for the University of Texas by the Governor of the State of Texas. In this connection, it is our understanding that the Governor has not yet, pursuant to Section 2 of Article 2615g, appointed a Board of Regents for'the University of Houston. While Section 1 of Article 2615g establishes the Uni- versity of Houston upon the effective date of Article 2615g (see Section 15 of Article 2615g), the provisions of Section 8 of Ar- ticle 2615g provide that: "The University of Houston, acting by and through its Board of Regents, has agreed to donate to the Board of Regents of the University of Hous- ton herein created all of the assets, real, personal, tangible and intangible, held in its name, whether of record or not, on the first day of September, 1963, topether wzth all of the indebtedness aeain t It n &hat date still outstanding to the extent se"tfor& j&&is Act and from such date the University Of Houston creited by this Act shall hold title to all properties so conveyed and shall commence operations of such properties for the use and benefit of the State of Texas." (Emphasis added) The provisions of Section 8a (1) and Section 8a (2) of Article 2615g set forth certain indebtedness of the University of Houston existing prior to the enactment of Article 2615g as well as the manner in which such indebtednesses are to be retired and the extent to which such indebtednesses are to be assumed by the University of Houston created by Article 2615g. - . Col. W. B. Rates, page 3 (WW-1358) Section 8a (3) of Article 2615g further provides that: "The present University of Houston, on the effective date of this Act, will owe current ob- ligations and accounts, but anticipates and pledges sufficient cash will be transferred to the University of Houston created by this Act to liquidate all of such current accounts. Such indebtedness and liabilities shall not be assumed by the University of Houston created by this Act save and except to the extent of the unencumbered cash transferred to it at that time. No other debts or liabilities of the present Universitv of Houston (save and exceDt those stated in this Section %a. and onlv to the extent nrovided iQ this Section %a) shall be in anv manner or to any extent assumed bv or become debts or liabilities ;. the U i ersit of of '1 (Emphasis added) While the present Board of Regents of the University of Houston would apparently be authorized to enter into an arrange- ment, such as the one presently proposed, pursuant to the provi- sions of Section 6 of Article 2815k, Vernon's Civil Statutes, and while Section 11 of Article 2615g would seem to indicate that the erection of a Student Activities Building by the Board of Regents of the University of Houston created by Article 26156 under an arrangement such as is being considered by the present Board of Regents of the University of Houston, would be authorized at a date subsequent to August 31, 1963, we are of the opinion that by virtue of the provisions of Section 8a (3) of Article 2615g, quoted heretofore the University of Houston created pursuant to Article 2615g could not assume any indebtednesses or liabilities, in any manner or to any extent, incurred by the erection of a Student Activities Building commenced prior to September 1, 1963. The Legislature in enacting Article 2615g specifically set forth in Section 8a thereof the existing indebtednesses and liabilities that would be assumed by the University of Houston created by Article 2615g and the extent towhich such liabilities and indebtednesses were to be assumed. The assumption of any further forms of indebtednesses is expressly prohibited by the provisions of Section 8a(3) of Article 261.!Yg, which provide in part that: II . . . No other debts or liabilities of the present University of Houston (save and except those stated in this Section 8a, and only to the extent provided in this Section 8a) shall be in Col. W. B. Rates, page 4 ON-13581 any manner or to any extent assumed by or become debts or liabilities of the University of Houston created by this Act." While under the proposed arrangement the lending agency could look only to revenue derived from fees and charges assessed against the students for the use of the Student Activities Build- ing and its facilities for repayment of the loan, we are of the opinion this would constitute an indebtedness against this asset being donated to the University of Houston not provided for in Section 8a of Article 2615g, as any revenue accruing to the Uni- versity of Houston in the future operation of the proposed build- ing and its facilities would be encumbered until all indebtedness incurred in the erection of the facility was retired. While it has been suggested in connection with the pro- posed arrangement that the Legislature did not intend that the restrictive language used in Section 8a of Article 2615g would apply to a loan secured wholly by a pledge of the net revenues to be derived from the operation of the Student Activities Building we can not agree with this position for the reason that Section 8 of Article 2615g provides for the transfer of oroperty from the present University of Houston to the University of Houston cre- ated by Article 2615g I'. . . together with all of the indebted- ness against it on that date [September 1, 19631 still outstand- ing to the extent set forth in this Act. . . .I' (Ruphasis added) Section 8a of Article 2615g sets forth the "extentf'and includes therein the remaining unpaid portion ($825,000) of a University of Houston dormitory bond issue secured by revenues from the operation of designated University of Houston projects. Consequently, it is evident that the Legislature, in Article 2615g, considered obligations secured wholly by revenues to be an indebtedness of the University of Houston. SUMMARY The Board of Regents of the University of Houston, created by Article 2615g, could not assume any indebtednesses or liabilities incurred by the erection of a Student Activities Building commenced prior to September 1, 1963, and the pledging of revenue derived from fees and charges assessed against students for the use of such a Student Activities Building for repayment of in- debtednesses connected with the erection of such Cal. W. B. Bates, page 5 &W-1358) building would constitute an indebtedness or liability as contemplated by Section 8a of Ar- title 2615g. Very truly yours, WILL WILSON Attorney General of Texas ByPL- b-J-Q-4 Pat Bailey PB:wb Assistant 4 APPROVED: OPINION COMMITTEE W. V. Geppert, Chairman Morgan Nesbitt Gr~~tiW~~~iams Frank Booth REVIEWED FOR THE ATTORNEY GENERAL BY: Leonard Passmore