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.