Sources Of Financing For And Types Of Capital Expenditures

(1) The board of trustees of a community college district may: (a) purchase, lease, build, enlarge, alter, or repair school buildings and dormitories; (b) furnish and equip buildings; (c) purchase sites for buildings; and (d) issue, refund, sell, budget, and redeem the bonds of the district in accordance with the provisions of 20-15-327 and chapter 9, part 4, of this title. (2) The board of trustees of a community college district may borrow money for the purposes of 20-15-327 and this section and repay the obligations from the various revenues of the college as described in 20-15-327.