(1) A Montana university may contract with a licensed entity with a catering endorsement under 16-4-111 to serve beer and wine or under 16-4-204 to serve liquor, beer, and wine at a sporting event held by the Montana university.
(2) The licensee may contract with the Montana university relating to the revenue sharing as permitted in 16-4-111 and 16-4-204.
(3) For the purposes of this section, the term "Montana university" means:
(a) a unit of the Montana university system as defined in 20-25-201; or
(b) any other postsecondary institution in the state.