(1) The board of trustees of a community college district may:
(a) purchase, lease, build, enlarge, alter, or repair school buildings and dormitories;
(b) furnish and equip buildings;
(c) purchase sites for buildings; and
(d) issue, refund, sell, budget, and redeem the bonds of the district in accordance with the provisions of 20-15-327 and chapter 9, part 4, of this title.
(2) The board of trustees of a community college district may borrow money for the purposes of 20-15-327 and this section and repay the obligations from the various revenues of the college as described in 20-15-327.