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Session Laws, 1984
Volume 759, Page 2827   View pdf image
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HARRY HUGHES, Governor

2827

(c)  Fix, revise, charge, and collect fees, rents, and other
charges or revenues (all hereinafter called auxiliary facilities
fees) for the use of any auxiliary facility and pledge all or any
part of such auxiliary facilities fees as security for bonds
issued by the University. The University may establish 1 or more
trust funds for the deposit of the moneys collected from any
auxiliary facilities fees which may be imposed pursuant to this
subtitle, and retain the interest revenue or other investment
income thereon, for the purpose of acquiring, constructing,
reconstructing, renovating, equipping, maintaining, repairing,
and operating auxiliary facilities;

(d)  Fix, revise, charge, and collect tuition and other
student fees and pledge all or any portion of such tuition
revenues and other student fees as SECONDARY SECURITY OR OTHER
THAN AS PRIMARY security for bonds issued by the University;

(e)  Acquire, hold, and dispose of real and personal
property in the exercise of its powers and the performance of its
duties under this Act;

(f)  Enter into all contracts and agreements necessary or
incidental to the performance of its duties and the execution of
its powers under this Act, and employ consulting engineers,
architects, attorneys, construction and financial experts, and
other employees and agents as may be necessary, and fix their
compensation;

(g)  Receive and accept from the United States of America or
any agency thereof grants and loans for the purpose of financing
or refinancing all or any part of the cost of any 1 or more
projects, and receive and accept aid or contributions from any
source of money, property, labor, or other things of value, to be
held, used, and applied for the purposes for which such grants
and contributions were made; and

(h) Do all acts and things necessary or convenient to carry
out the powers expressly granted by the provisions of this Act.

3.

(a) The University may provide, by resolution, from time to
time, for the issuance, in series, of its bonds for the purpose
of paying all or any part of the cost of any 1 or more projects.
The principal and interest on such bonds shall be payable solely
from the funds herein provided for such payment. The resolution
shall describe the auxiliary facility or facilities to be
financed or refinanced by the bonds, the maximum principal amount
of the bonds, and the sources of payment of the bonds. The
resolution may also prescribe the other matters required or
permitted to be determined by the University under this Act or
may provide that such matters may be prescribed in a trust
agreement relating to the bonds that has been approved by the
chairman of the board or the president of the University, and

 

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Session Laws, 1984
Volume 759, Page 2827   View pdf image
 Jump to  
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