20-25-441. Lease of university of Montana-Missoula property for stadium authorized. The board of regents may lease land or land and facilities to a private, nonprofit foundation organized to solicit, manage, and administer gift revenues on behalf of the university of Montana-Missoula for the purpose of renovation or construction by the foundation of a football stadium for the university of Montana-Missoula. The terms of the lease must be advantageous to the state and must include a guarantee that no commitment of funds to any portion of the initial construction, other than as approved in Senate Joint Resolution No. 14 of the 48th Legislature, is expressed or implied.
History: En. Sec. 1, Ch. 477, L. 1985; amd. sec. 36, Ch. 308, L. 1995.