262A.12 - APPLICATION FOR GIFTS, LOANS OR GRANTS.
262A.12 APPLICATION FOR GIFTS, LOANS OR GRANTS.
The state board of regents is authorized to apply for and accept
federal or nonfederal gifts, loans, or grants of funds and to use the
same to pay all or any part of the cost of carrying out any project
at any institution under the terms of this chapter or to use the
same, together with student fees and charges and institutional
income, for the payment of debt service on bonds issued and to be
issued by the board pursuant to authority contained in this chapter,
in such manner as may be provided in the resolution authorizing the
issuance of the bonds, which grants of funds or other aid shall be
considered to constitute and may be commingled with student fees and
charges and institutional income and may, together with such student
fees and charges and institutional income, be pledged by the board in
accordance with the provisions of this chapter and the bond
resolution to the payment of debt service on bonds issued by the
board under the authority contained in this chapter. Section History: Early Form
[C71, 73, 75, 77, 79, 81, § 262A.12]