[§304A-2672]  Powers of the board. Notwithstanding any law to the contrary, the board may:

(1)  Designate as a university project, anyundertaking, improvement, or facility on any one or more of the areas in one ormore of the educational institutions under the jurisdiction of the board;

(2)  Construct and maintain university projects,including a university project included or to be in a university system;

(3)  Combine two or more university projects into auniversity system on one or more of the areas on any one or more of theeducational institutions under the jurisdiction of the board, and to maintainthe system;

(4)  Combine two or more university projects,university systems, or university projects and university systems into anetwork, on any one or more of the areas on any one or more of the educationalinstitutions under the jurisdiction of the board, and to maintain the network;

(5)  Prescribe and collect rents, fees, and chargesfor the use of or services furnished by any university project and thefacilities thereof, and pledge any appropriation to any university project andthe facilities thereof that in aggregate, produces revenue of the university atleast sufficient to comply with section 304A-2681;

(6)  With the approval of the governor, issue revenuebonds under this subpart in such principal amount as may be authorized by thelegislature from time to time to finance in whole or in part the cost ofconstruction or the cost of maintenance of any university project, includingfunding reserves therefor;

(7)  Pledge to the punctual payment of revenue bondsand interest thereon, all or any part of the revenue of the university,including any appropriation, in an amount sufficient to pay the revenue bondsand interest as the same become due and to create and maintain reasonablereserves therefor;

(8)  Establish a loan program or a commercial paperprogram upon terms and conditions that the board may determine; and

(9)  Advance moneys of the university, not otherwiserequired, and do any and all other lawful acts as may be necessary, convenient,or desirable, for carrying into execution and administering this subpart. [L2007, c 161, pt of §1]