§ 59-135-50 — Authority to sell or lease donated real property.

Upon approval of the State Fiscal Accountability Authority or Department of Administration, as appropriate, the board is authorized to lease or sell any real property which may have been or may be donated to the college during any fund campaign. The proceeds of any lease or sale must be applied to the original purpose of the donation of the property leased or sold.

Legislative History

HISTORY: 1988 Act No. 510, SECTION 3.