§306-3 Authorization of university projects, university systems and revenue bonds. Authorization of construction, maintenance, or both of a university project or projects or university system or systems, and authorization for issuance of revenue bonds under this chapter shall be by resolution or resolutions of the board of regents. The resolution may be adopted at the same meeting at which it is introduced by a majority of all the members of the board then in office and shall take effect immediately upon adoption. [L 1947, c 141, pt of §1; RL 1955, §44-62; am L Sp 1959 1st, c 20, §2(b); HRS §306-3; am L 1971, c 141, §1(c)]