§304-10 Loans; advances. The university may borrow from time to time, sums which in the aggregate shall not exceed $100,000, from the state treasury; and the director of finance may make such loans to the university, without interest, provided that the loans shall be repaid within the same fiscal year unless extended by the director. In addition to the foregoing, the director may advance funds to the university when required to meet reimbursable costs incurred in connection with federally financed research and training projects, and provided that such advances shall not amount in the aggregate to more than $100,000 at any time. [L 1965, c 184, §2; Supp, §44-7.5; HRS §304-10]