§ 59-147-20

As used in this chapter: (1) 'board' means the board of trustees of the university; (2) 'equipment' means items with a useful life of at least fifteen years; (3) 'facilities' means the real and personal property and equipment specified in Section 59-147-20(2) of this chapter whether or not the acquisition or construction thereof is financed from the proceeds of bonds issued pursuant to this chapter; (4) 'revenues' means the revenues derived or to be derived from the operation, sale, lease, or other disposition of the facilities; and (5) 'university' means all research and four-year public institutions of higher education. HISTORY: 1996 Act No. 302, Section 1.