STUDENT UNION BUILDINGS FEES; THE UNIVERSITY OF TEXAS AT DALLAS.

(a) The board of regents of The University of Texas System may levy a student union fee, not to exceed $100 per student for each regular semester and not to exceed $50 per student for each term of the summer session, for the sole purpose of financing, constructing, operating, maintaining, and improving student union buildings for The University of Texas at Dallas.

(a-1) The amount of the fee levied under this section may not be increased to an amount that exceeds by 10 percent or more the amount of the fee levied during the preceding academic year unless the increase is approved by a majority vote of students enrolled at the university participating in a general student election held for that purpose.

(a-2) The fee authorized to be levied under this section is in addition to any use or service fee authorized to be levied.

(b) Such fees shall be deposited to an account known as "The University of Texas at Dallas Student Union Fee Account" and shall be placed under the control of and subject to the order of the Student Union Advisory Committee. The committee shall annually submit to the president of The University of Texas at Dallas a complete and itemized budget to be accompanied by a full and complete report of all activities conducted during the past year and all expenditures made incident thereto. The president shall submit the budget to the board of regents as part of the institutional budget. The board of regents shall make such changes in the budget as it deems necessary before approving the budget, and shall then levy the fees, within the limits herein fixed, in such amounts as will be sufficient to meet the budgetary needs of the student union building.

(c) The board of regents may pledge fees levied under this section to pay obligations issued pursuant to the revenue financing system of The University of Texas System.