[§304A-2273]  Community college conferencecenter revolving fund.  (a)  There is established the community collegeconference center revolving fund for conference center programs conducted bythe various community colleges.  All fees, charges, and other moneys collectedin conjunction with the conference center program of each community collegeshall be deposited in separate accounts within the revolving fund.  Thechancellor of each community college or a designee is authorized to expendfunds from the appropriate account in the revolving fund for all costsassociated with conducting conferences, seminars, and courses by the conferencecenter program, including but not limited to expenses for honoraria, hotel androom rentals, food and refreshment, printing and mailing, airfare and per diem,leis, rental of audiovisual equipment, and conference supplies and materials,without regard to section 103D-1002 and any competitive bidding requirementspursuant to state procurement requirements.

(b)  The chancellors of the community collegesshall prepare an annual report to the legislature accounting for all income andexpenditures of each separate account within the revolving fund. [L 2006, c 75,pt of §2]