[§304A-2005] Special and revolving funds; management. In managing special and revolving funds under its control, the board of regents shall ensure that:
(1) The purposes for which special and revolving funds are expended, encumbered, or transferred benefit those upon whom fees and charges are imposed through these funds; and
(2) Fees and charges are fair and equitable with respect to the level and quality of services provided to those upon whom fees and charges are imposed. [L 2006, c 75, pt of §2]