Any public board of education or the board of trustees of the University of Tennessee, or any collegiate institution, is authorized to contract, subject to the approval of the governor, with the veterans' administration, or other federal agencies, for instruction or supplies and equipment for the training of veterans or others in need of training in courses that the school, or those under the jurisdiction of such boards, may be qualified to offer. The contracts shall be upon terms that the governor and the appropriate governing body of the educational institution entering into the contract deem equitable.
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