85-1520. Facilities; construct, purchase, repair, and equip; revenue bonds; authorized.

177 words·~1 min read·/ne/chapter-85/85-1520

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Each board may construct, purchase, or otherwise acquire, remodel, repair, furnish, and equip dormitories, residence halls, single-dwelling units, multiple-dwelling units, or other facilities for

(1)the housing or boarding of single or married students, faculty, or other employees of the institution under its control,

(2)buildings and structures for student and faculty unions or centers, and

(3)the medical care and other activities of the students of such institutions, on real estate owned or controlled by such board or on real estate purchased, leased, or otherwise acquired for such purpose and pay the cost thereof, including the cost of such real estate, by issuing revenue bonds payable out of the revenue from such buildings or facilities, the revenue from the tax levy authorized pursuant to subdivision (1)(b) of section 85-1517 for fiscal years prior to fiscal year 2013-14 and subdivision (2)(b) of section 85-1517 for fiscal year 2013-14 and each fiscal year thereafter, or a combination thereof. Any such buildings or facilities shall be located on or adjacent to a campus or campuses controlled by such board.