(a) For the purpose of providing an in-service training program to upgrade the professional personnel of the state colleges and universities operating under the state university and community college system, and to upgrade the professional personnel of the University of Tennessee, operating under the board of trustees of the University of Tennessee, the state university and community college system and the board of trustees of the University of Tennessee are authorized to allocate an in-service training fund to each of the state colleges and universities operating under the respective control of each board or system.
(b) The amount of each in-service training fund shall be paid solely out of the state appropriations made to the respective state colleges and universities and expendable receipts.
(c) Expenditures from the fund shall be made only under policies approved by the respective governing boards or system.
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