§11007. Gifts - Article VII
The board for the purposes of this compact may receive grants, devises, gifts and bequests which the board may agree to accept and administer. The board shall administer property held in accordance with special trusts, grants and bequests, and shall also administer grants and devises of land and gifts or bequests of personal property made to the board for special uses, and shall execute said trusts, investing the proceeds thereof in notes or bonds secured by sufficient mortgages or other securities. [PL 1981, c. 693, §§ 5, 8 (NEW).]
SECTION HISTORY
PL 1981, c. 693, §§5,8 (NEW).
Structure Maine Revised Statutes
Part 5: POST-SECONDARY EDUCATION
Chapter 413: NEW ENGLAND HIGHER EDUCATION COMPACT
20-A §11001. Purposes - Article I
20-A §11002. Board of Higher Education - Article II
20-A §11003. Entry into force - Article III
20-A §11004. Officers; meetings; organization - Article IV
20-A §11005. Powers and duties - Article V
20-A §11006. Appropriations - Article VI
20-A §11007. Gifts - Article VII
20-A §11008. Severability - Article VIII