33-2123. OPERATION NOT FOR PROFIT. It is hereby declared to be the policy of this state that each dormitory housing commission shall manage and operate or contract for the operation or management of its dormitory housing project in an efficient manner so as to enable it to fix the rentals to students at said junior college at the lowest possible rates consistent with providing decent, safe and sanitary accommodations, and no dormitory housing commission shall construct or operate any such project for profit or as a source of revenue to the junior college district; provided, however, that such commission shall fix the rentals for such dormitory at no higher rates than it shall find necessary in order to produce revenues (a) to pay, as the same become due, the principal and interest on the bonds of the commission, (b) to meet the cost of and to provide for maintaining and operating the projects (including the cost of any insurance) and the administrative expenses of the commission; and (c) to create (during not less than the six (6) years immediately succeeding its issuance of any bonds) a reserve sufficient to meet the largest principal and interest payments which will be due on such bonds in any one year thereafter, and to maintain such reserve.
History:
[33-2123, added 1957, ch. 87, sec. 8, p. 137.]
Structure Idaho Code
Section 33-2101 - JUNIOR COLLEGE DISTRICTS, APPROVALS, BOUNDARIES OF JUNIOR COLLEGE AREAS.
Section 33-2101A - JUNIOR COLLEGE SHALL MEAN COMMUNITY COLLEGE.
Section 33-2102 - COURSES OF STUDY.
Section 33-2103 - MINIMUM REQUIREMENTS FOR THE FORMATION OF A JUNIOR COLLEGE DISTRICT.
Section 33-2104 - FORMATION OF COMMUNITY COLLEGE DISTRICTS.
Section 33-2104A - COMMUNITY COLLEGE TRUSTEE ZONES.
Section 33-2105 - ADDITION OF TERRITORY TO COMMUNITY COLLEGE DISTRICTS.
Section 33-2106 - TRUSTEES OF COMMUNITY COLLEGE DISTRICTS.
Section 33-2107 - GENERAL POWERS OF THE BOARD OF TRUSTEES.
Section 33-2107B - POWERS GRANTED BY PRECEDING SECTION IN ADDITION TO OTHER POWERS.
Section 33-2107C - DEFINITION OF URBAN AREA DISTRICTS EMPOWERED TO CREATE UPPER DIVISIONS.
Section 33-2108 - JUNIOR COLLEGE DISTRICTS PUBLIC CORPORATIONS — SUE AND BE SUED — CORPORATE SEAL.
Section 33-2109A - USE OF UNUSED SICK LEAVE.
Section 33-2111 - TAXES AND OTHER FINANCIAL SUPPORT FOR COMMUNITY COLLEGES.
Section 33-2112 - ADDITIONAL TAX LEVY FOR GYMNASIUM AND GROUNDS.
Section 33-2113 - CAPITAL FUNDS.
Section 33-2114 - REPORTS OF JUNIOR COLLEGE DISTRICTS.
Section 33-2115 - COUNTIES, CITIES, SCHOOL DISTRICTS AND BOARDS TO COOPERATE.
Section 33-2117 - DEFINITIONS.
Section 33-2118 - CREATION OF DORMITORY HOUSING COMMISSIONS.
Section 33-2119 - APPOINTMENT, QUALIFICATIONS AND TENURE OF COMMISSIONERS.
Section 33-2120 - INTERESTED COMMISSIONERS OR EMPLOYEES.
Section 33-2121 - REMOVAL OF COMMISSIONERS.
Section 33-2122 - POWERS AND DUTIES OF DORMITORY HOUSING COMMISSIONS.
Section 33-2123 - OPERATION NOT FOR PROFIT.
Section 33-2124 - PLANNING, ZONING AND BUILDING LAWS.
Section 33-2126 - FORM AND SALE OF BONDS.
Section 33-2127 - PROVISIONS OF BONDS AND TRUST INDENTURES.
Section 33-2128 - REMEDIES OF AN OBLIGEE OF COMMISSION.
Section 33-2129 - ADDITIONAL REMEDIES CONFERRABLE BY COMMISSION.
Section 33-2130 - CONSTRUCTION OF POWERS CONFERRED.
Section 33-2131 - EXEMPTION OF PROPERTY FROM EXECUTION SALE.
Section 33-2132 - AID FROM FEDERAL GOVERNMENT.
Section 33-2133 - TAX EXEMPTION.
Section 33-2135 - TERMINATION — REACTIVATION.
Section 33-2136 - STUDENT CENTERS AND STUDENT UNION BUILDINGS.
Section 33-2137 - IMPOSITION AND COLLECTION OF STUDENT FEES AND CHARGES.
Section 33-2138 - HOUSING COMMISSIONS VALIDATED.
Section 33-2139 - STATE COMMUNITY COLLEGE ACCOUNT CREATED.
Section 33-2141 - DISBURSEMENT OF FUNDS — METHOD — FUNDS DISBURSED NOT CONSIDERED IN FIXING TUITION.
Section 33-2142 - DIRECT PAYMENT TO BOARD — UTILIZATION.
Section 33-2143 - DISPOSITION OF FUNDS WHEN JUNIOR COLLEGE CEASES TO OPERATE.
Section 33-2144 - DISBURSEMENT TO PUBLIC EMPLOYEE RETIREMENT FUND.
Section 33-2145 - PROCEDURES TO PREVENT THE SPREAD OF INFECTIOUS DISEASE.