Board of Visitors minutes March 21, 1986 | ||
Section 3. The Board (a) covenants to fix, revise, charge and collect Student Health Fees for or in connection with the use or services of the Student Health Project, and (b) pledges such Fees to the payment of the principal of, premium, if any, and interest on that portion of the Bonds issued to finance the Student Health Project; provided that the current expenses of operating the Student Health Project (the "Student Health Current Expenses") shall be a first charge on such Fees. The Board further covenants that such Fees will be fixed, revised, charged and collected so that the net revenues therefrom, after payment of the Student Health Current Expenses, will at all times be sufficient to pay the principal of, premium, if any, and interest
Board of Visitors minutes March 21, 1986 | ||