Kansas Statutes 74-3254. Authority to sell property devised to board of regents or state educational institution; investment of proceeds
Terms Used In Kansas Statutes 74-3254
- Board: means the board of education of any school district or the board of trustees of any community college. See Kansas Statutes 74-32,253
- Devise: To gift property by will.
- Institution: means the university of Kansas, university of Kansas medical center, Kansas state university of agriculture and applied science, Wichita state university, Emporia state university, Pittsburg state university, Fort Hays state university and Kansas state university polytechnic campus;
(b) "governing authority" means the state board of regents or the chief executive officer of an institution if such officer has been designated by the state board to act on its behalf in exercising the authority of the board to care for, control, maintain and supervise all roads, streets, driveways and parking facilities for vehicles on the grounds of the institution; and
(c) "vehicle" means motor vehicle, motorized bicycle and bicycle. See Kansas Statutes 74-3209
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
- State board: means the state board of regents. See Kansas Statutes 74-3275
- State educational institution: has the meaning ascribed thereto in Kan. See Kansas Statutes 74-3255
- Testator: A male person who leaves a will at death.
(a) The state board of regents is hereby authorized to sell, convey, transfer title to the investing agent of a state educational institution or otherwise dispose of any devise received by the board or a state educational institution subject to its supervision and control without further legislative authorization, subject to any conditions imposed by the testator. The proceeds of any such sale and conveyance may be invested in accordance with Kan. Stat. Ann. § 76-156a, and amendments thereto.
(b) As used in this section, “investing agent” means the entity authorized to act as the investing agent of a state educational institution pursuant to Kan. Stat. Ann. § 76-156a, and amendments thereto.