Iowa Code 260C.35 – Limitation on land
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1. A merged area shall not purchase land which will increase the aggregate of land owned by the merged area, excluding land acquired by donation or gift, to more than three hundred twenty acres without the approval of the director of the department of education. The limitation does not apply to a merged area owning more than three hundred twenty acres, excluding land acquired by donation or gift, prior to January 1, 1969.
Terms Used In Iowa Code 260C.35
- Authority: means the Iowa finance authority. See Iowa Code 260C.71
- Board: means a board of directors of a community college. See Iowa Code 260C.56
- Department: means the department of education. See Iowa Code 260C.2
- Director: means the director of the department of education. See Iowa Code 260C.2
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Merged area: means an area where two or more school systems or parts of school systems merge resources to operate a community college in the manner provided in this chapter. See Iowa Code 260C.2
2. With the approval of the director of the department of education, the board of directors of a merged area at any time may sell any land in excess of one hundred sixty acres owned by the merged area, and an election is not necessary in connection with the sale. The proceeds of the sale may be used for any of the purposes stated in section 260C.22. This subsection is in addition to any authority under other provisions of law.