Section 16-49-55

University has authority to accept funds, grants, services, etc.

For the purposes of this article the Alabama Agricultural and Mechanical University has the authority to accept and receive funds, grants and service from the federal government or its agencies; from departments, agencies and instrumentalities of state, municipal or local government; or from private or civic sources.

(Acts 1985, 2nd Ex. Sess., No. 85-944, p. 283, §4.)