20-15-301. Sources of financing for and types of capital expenditures.
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/mt/title-20/chapter-15/part-3/20-15-301·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
20-15-301 . Sources of financing for and types of capital expenditures.
(1)The board of trustees of a community college district may:
(a)purchase, lease, build, enlarge, alter, or repair school buildings and dormitories;
(b)furnish and equip buildings;
(c)purchase sites for buildings; and
(d)issue, refund, sell, budget, and redeem the bonds of the district in accordance with the provisions of 20-15-327 and chapter 9, part 4, of this title.
(2)The board of trustees of a community college district may borrow money for the purposes of 20-15-327 and this section and repay the obligations from the various revenues of the college as described in 20-15-327 .