Texas legislature authorizes $113.4 million in tuition revenue bonds for UNT’s Science and Technology Research Building

Tuesday, November 9, 2021 - 15:52
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DENTON (UNT), Texas — The University of North Texas has the green light to use tuition revenue bonds to build a 167,700-square-foot research facility to provide additional state-of-the-art space for faculty and student researchers to carry out solutions-based research.

The construction project is possible thanks to Texas’ 87th Legislature, which authorized UNT for $113.4 million in tuition revenue bonds. A tuition revenue bond (TRB) – or construction bond – allows universities to sell bonds to fund the construction of needed future facilities.

“UNT has made tremendous progress in growing its research enterprise in the last decade,” UNT President Neal Smatresk said. “For our university to continue this incredible momentum, we must provide a more modern space to accommodate the cutting-edge research taking place at UNT. Adding this new facility will ensure we are able to meet our growing demands so our faculty can continue their research collaborations to help move society forward.”

A Carnegie-ranked Tier One public research university, UNT has made significant strides to grow as a public research university in the last decade, including touting record growth in research productivity this past year. In recent years, UNT committed to hiring more distinguished faculty, building strength in key research areas, and developing a stronger infrastructure. UNT's Center for Agile and Adaptive Additive Manufacturing is becoming one of the most advanced research, education and training facilities in Texas. The Texas Legislature appropriated $10 million to launch the center in 2019 and recently renewed funding through 2023 with an additional $10 million.

“This is an exciting time for UNT as we continue propelling our North Texas region – and state – forward,” Smatresk said. “With a vast array of degree programs and breakthrough Tier One research, UNT is making a difference.”

 

UNT News Service Phone Number: (940) 565-2108

Media Contacts:

Kris Muller
kris.muller@unt.edu
(940) 565-3509