53B-22-105 - Dixie College revenue bonds -- Student center building.
53B-22-105. Dixie College revenue bonds -- Student center building.
(1) The State Board of Regents, on behalf of Dixie College, may issue, sell, and deliverrevenue bonds or other evidences of indebtedness of Dixie College to borrow money on the creditof the income and revenues of Dixie College, other than appropriations of the Legislature, tofinance the partial cost of constructing, furnishing, and equipping a student center building.
(2) The bonds or other evidences of indebtedness authorized by this section may notexceed $3,100,000 and shall be issued in accordance with Title 53B, Chapter 21, RevenueBonds, under such terms and conditions and in such amounts as the board, by resolution,determines are reasonable and necessary.
Enacted by Chapter 32, 1991 General Session