28B.120.030 - Receipt of gifts, grants, and endowments.

Receipt of gifts, grants, and endowments.

The higher education coordinating board and the state board for community and technical colleges may solicit and receive such gifts, grants, and endowments from public or private sources as may be made from time to time, in trust or otherwise, for the use and benefit of the purposes of the program and may expend the same or any income therefrom according to the terms of the gifts, grants, or endowments.

[1999 c 169 § 6; 1991 c 98 § 4.]