Title 20, Chapter 3, Section 564
( 20-3-564)
All properties owned or held by the board of trustees pursuant to
this article which have been declared to be the public property of
the state may be sold, leased, or otherwise disposed of by the
board, whenever the board may deem such sale, lease, or other
disposition in the best interest of the college, if the board shall
first determine that such property can no longer be advantageously
used by the college; provided, however, that where any such property
has been granted or conveyed to the college or the board for
specified uses, such property shall only be sold, leased, conveyed,
or otherwise disposed of for similar uses or purposes, which shall
be in conformity with any use or trust declared in any such grant or
conveyance; provided, further, that every such sale, lease, or other
disposition of real property shall be subject to the approval of the
Governor. |