2005 Idaho Code - 33-3702 — CREATION OF DORMITORY FUND

                                  TITLE  33
                                  EDUCATION
                                  CHAPTER 37
                      MISCELLANEOUS PROVISIONS RELATING
                      TO STATE INSTITUTIONS OF LEARNING
    33-3702.  CREATION OF DORMITORY FUND. Said board is hereby authorized to
create a separate fund for each of said three institutions, to be known as the
"dormitory fund." Said board is hereby authorized to pay into each of said
respective dormitory funds, all room, dormitory or housing rentals received by
said respective institutions, not including the proceeds of any anticipated
appropriations made by the state nor the interest from the permanent
endowment, and to pledge on behalf of each of said respective institutions,
its said dormitory fund for the payment of all rental or other charges agreed
to be paid on account of such dormitory or dormitories as well as for the
payment of the purchase-price of land or lands and buildings, or the payment
of the agreed cost of construction of such buildings or building, and the
purchase-price of fixtures, furniture, furnishings and equipment for such
buildings together with the cost of installation thereof; so as to be used for
dormitory or housing purposes by said respective institutions, and such
dormitory funds, or so much thereof as may be necessary are hereby
appropriated for the purposes herein set forth.