15-1682

15-1682. Powers

The board shall have power for each institution, as defined in this article, to:

1. Acquire, if authorized by the legislature, any project or projects, or any
combination thereof, and to secure indirect or third party financing for or own, operate
and maintain the same and establish, own, operate and maintain a system of building
facilities.

2. Acquire by purchase, contract, lease-purchase, lease or gift, and hold or
dispose of, real or personal property or rights or interest therein.

3. Accept grants, subsidies or loans of monies from a federal agency, or others,
upon such terms and conditions as may be imposed, and to pledge the proceeds of grants,
subsidies or loans of monies received or to be received from the United States of America
or any agency or instrumentality thereof, or others, pursuant to agreements entered into
between such board and the United States of America, or any agency or instrumentality
thereof, or others.

4. Borrow monies and issue bonds to acquire any one project, or more than one, or
any combination thereof, if authorized by the legislature, and to refund bonds heretofore
or hereafter issued to acquire any project or projects, or to refund any such refunding
bonds, or for any one, or more than one, or all of such purposes, or any combination
thereof, and to provide for the security and payment of such bonds and for the rights of
the holders thereof.

5. Make contracts and leases and execute all instruments and perform all acts and
do all things necessary or convenient to carry out the powers granted in this article.

6. Retain in its treasury:

(a) All monies received from the sale of all bonds issued under this article.

(b) All fees, tuitions, rentals and other charges from students, faculty, staff
members and others using or being served by, or having the right to use or the right to
be served by, or to operate, any project.

(c) All fees for student activities and student services and all other fees,
tuitions and charges collected from students matriculated, registered or otherwise
enrolled at and attending each institution pledged under the terms of any resolution
authorizing bonds pursuant to this article.

(d) All rentals from any facility or building leased to the United States of
America.