262.56 - AUTHORIZATION -- CONTRACTS -- TITLE.
262.56 AUTHORIZATION -- CONTRACTS -- TITLE.
Subject to and in accordance with the provisions of this division
the state board of regents is hereby authorized to undertake and
carry out any project as hereinbefore defined at the state university
of Iowa, Iowa state university of science and technology, and the
university of northern Iowa and to operate, control, maintain and
manage student residence halls and dormitories, including dining and
other incidental facilities, and additions to such buildings at each
of said institutions. All contracts for the construction,
reconstruction, completion, equipment, improvement, repair or
remodeling of any buildings, additions or facilities shall be let in
accordance with the provisions of section 262.34. The title to all
real estate acquired under the provisions of this division and the
improvements erected thereon shall be taken and held in the name of
the state of Iowa. The board is authorized to rent the rooms in such
residence halls and dormitories to the students, officers, guests and
employees of said institutions at such rates, fees or rentals as will
provide a reasonable return upon the investment, but which will in
any event produce net rents, profits and income sufficient to insure
the payment of the principal of and interest on all bonds or notes
issued to pay any part of the cost of any project and refunding bonds
or notes issued pursuant to the provisions of this division. Section History: Early Form
[C66, 71, 73, 75, 77, 79, 81, § 262.56]
Referred to in § 262.34B, 262A.2