§10004 Uses of funds by institutions of higher education

Summary

Public colleges and universities that get money under this law must use it for education and general costs to help avoid raising tuition for in‑state students, or to modernize, renovate, or repair buildings mainly used for teaching, research, or student housing, including upgrades that meet a recognized green building rating system. They may not add the money to their endowment. They also may not use it for routine maintenance; for stadiums or places mainly for sporting or ticketed public events; or for buildings used for religious worship or sectarian instruction or whose main work is part of a religious mission.