The proceeds of or income from the property formerly known as the "Fort Lewis school", granted by the United States to the state of Colorado, pursuant to an act of congress approved April 4, 1910 (36 Stat. 274), as modified by an act of congress approved May 18, 1916 (39 Stat. 128), constitutes a special account known as the "Hesperus account". The income from said property and from the Hesperus account may be appropriated by the general assembly and used by the board of trustees for tuition waivers at Fort Lewis college for qualified Native American students together with money appropriated for such tuition waivers granted for Native American students pursuant to section 23-52-105. The board of trustees shall apply any remaining money in the account to such public purpose as the board of trustees determines necessary.
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