20-15-301. Sources of financing for and types of capital expenditures. (1) The board of trustees of any 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;
     (d) issue, refund, sell, budget, and redeem the bonds of the district in accordance with the provisions of chapter 9, part 4, of this title.
     (2) The board of trustees of a community college district may borrow money for the purposes of this section and repay the obligations from the various revenues of the college.

     History: En. 75-8122 by Sec. 469, Ch. 5, L. 1971; amd. Sec. 2, Ch. 419, L. 1973; R.C.M. 1947, 75-8122; amd. Sec. 1, Ch. 488, L. 1989.