§ 23-15-108 — Acquisition of property

The authority, directly or by or through a
participating educational institution or cultural institution as its agent, may acquire
by purchase, lease, gift, devise, or other means such lands, structures, real or
personal property, rights-of-way, franchises, easements, and other interests in
lands, including lands lying under water and riparian rights which are located within
or without the state, as it may deem necessary or convenient for the construction,
acquisition, or operation of facilities, upon such terms as may be considered by the
authority to be reasonable, and may take title thereto in the name of the authority
or in the name of such participating educational institution or cultural institution as
its agent.

Legislative History

Source: L. 81: Entire article added, p. 1102, � 1, effective July 1. L. 89: Entire section amended, p. 990, � 5, effective April 8. L. 98: Entire section amended, p. 605, � 7, effective May 4.