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