‘Project’ means any undertaking or undertakings which the Board is authorized by law (other than NRS 396.809 to 396.885, inclusive) to complete in its name or in the name of the University, the cost of which the Board is authorized by law (other than NRS 396.809 to 396.885, inclusive) to defray by the issuance of bonds or other securities of the Board or the University as provided hereunder.