260C.57 - AUTHORIZATION -- CONTRACTS -- TITLE.

        260C.57  AUTHORIZATION -- CONTRACTS -- TITLE.
         Subject to and in accordance with the provisions of this division,
      the board of directors of each community college is hereby authorized
      to undertake and carry out any project at a community college under
      the board's control 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 260C.19.  The title to all
      real estate acquired under the provisions of this division and the
      improvements erected on the real estate shall be taken and held in
      the name of the merged area.  The board is authorized to rent the
      rooms in such residence halls and dormitories to the students,
      officers, guests and employees of the 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 and to insure that no property tax
      revenues will be needed to retire the bonds or notes.  
         Section History: Recent Form
         90 Acts, ch 1253, §59
         C91, § 280A.57
         C93, § 260C.57
         94 Acts, ch 1023, §94