Short title.

Findings and declarations.

Definitions.

Creation of Higher Educational Facilities Financing Authority.

Powers of the authority.

Payment of expenses.

Acquisition of real property.

Conveyance of title or interest to participating institutions.

Criteria and requirements.

Approval required to issue bonds.

Notes of authority.

Revenue bonds.

Covenants.

Validation.

Act furnishes full authority for issuance of bonds.

Security of bondholders.

Payment of bonds.

Rates, rents, fees, and charges.

Trust funds.

Remedies of bondholders.

Tax exemption.

Refunding bonds.

Legal investment.

Reports; audits.

State agreement.

Alternative means.

Liberal construction.

Act controlling.