[§304A-2005]  Special and revolving funds; management.  In managing special and revolving funds under its control, the board of regents shall ensure that:

     (1)  The purposes for which special and revolving funds are expended, encumbered, or transferred benefit those upon whom fees and charges are imposed through these funds; and

     (2)  Fees and charges are fair and equitable with respect to the level and quality of services provided to those upon whom fees and charges are imposed. [L 2006, c 75, pt of §2]