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Show Attorney General Rules Against College Borrowing . An opinion was issued Friday Fri-day by Utah Attorney General Phil L. Hansen which could deal a serious blow to College of Southern Utah development plans. The Attorney ruled that Utah law does not empower the Board of Trustees of the college to borrow short term funds to finance an Inter-mnnntain Inter-mnnntain Training Laboratory, State Building Board projects, costumes and sets for the annual an-nual Shakespearean Festival, manpower programs of the Utah Department of Education Educa-tion or a bookstore. The Attorney General's opinion op-inion was as lollows: "In the absence of statutory statu-tory authority it is generally recognized that a state college or university may not issue bonds, and the only statutory provision which allows the board to borrow money are those providing for the financing fin-ancing of acquisition, purchase, pur-chase, construction, improvement, improve-ment, remodeling, adding to, extension, equiping and furnishing furn-ishing self-liquidating projects and other revenue-producing buildings. "The Legislature saw fit to specify certain instances wherein the board of trustees of any college or university may borrow funds. "Unless the proposed indebt. edness is for one of the specified speci-fied purposes, such indebtedness indebted-ness cannot be incurred. "It is apparent the financing financ-ing of the college programs listed in this opinion would not come within the provision which permit a university or college to borrow money for financing of self-liquidating proiects and other revenue producing buildings." Full imDaet of the ruling by the Attorney General has not yet bpen outlined by college col-lege officials. |