In its distribution of available funds and its adjustment and approval of budgets, the higher education department shall not, in any event or in any manner, substitute for public funds any gift, donation, private endowment, patent income or other gratuity received or enjoyed by an institution in determining the adequate financing of an institution under its charge.
History: 1953 Comp., § 73-29-15.1, enacted by Laws 1965, ch. 267, § 1; 1986, ch. 24, § 4; 2005, ch. 289, § 23.
ANNOTATIONSThe 2005 amendment, effective April 7, 2005, changed "commission on higher education" to "higher education department".
Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Colleges and Universities §§ 2, 33, 37.
14A C.J.S. Colleges and Universities §§ 10, 12.