Kansas Statutes § 76-495 State board of regents authorized to sell certain property in Riley county, Kansas; procedure; use of proceeds.

76-495. State board of regents authorized to sell certain property in Riley county, Kansas; procedure; use of proceeds. (a) The state board of regents is hereby authorized and empowered, for and on behalf of Kansas state university of agriculture and applied science, to sell and convey all of the rights, title and interest in the following described real estate, and any improvements thereon, located in Riley county, Kansas: (b) Conveyance of such rights, title and interest in such real estate, and any improvements thereon, shall be executed in the name of the state board of regents by its chairperson and executive officer. Any proceeds from sale of such real estate, and any improvements thereon, shall be deposited in the state treasury to the credit of an appropriate account of the restricted fees fund of Kansas state university. Such proceeds shall be applied to or utilized for the repair, remodeling, construction or reconstruction of department of housing facilities and to make modifications for compliance with the federal Americans with disabilities act. (c) No sale and conveyance of real estate, and any improvements thereon, authorized by this section shall be made by the state board of regents until the deeds, titles and conveyances have been reviewed and approved by the attorney general. History: L. 1994, ch. 30, § 1; July 1.