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]