DALLAS – The University of Texas System Board of Regents on Thursday unanimously approved $265.5 million of bonds backed by the state’s Permanent University Fund for projects on several campuses including a new branch in the Lower Rio Grande Valley of South Texas.

The as-yet unnamed South Texas university will receive $142 million of PUF bonds, more than half of the total approved.  The new branch combines the existing UT campuses in Brownsville and Edinburg.

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