§18B-23-4. Establishment of women’s athletics endowments.

(a) An eligible institution may establish a women’s athletics endowment to support women’s collegiate Olympic sports programs.

(b) The commission may establish or designate a statewide women’s athletics endowment trust for the benefit of eligible institutions.

(c) Funds contributed to an endowment shall be invested in accordance with applicable state investment standards, and only earnings may be expended.