177.051. Conveyance of property to public institution of higher education. — If there is within any school district any school property that is not required for the use of the school district and the property could be used for purposes of offering education beyond grade twelve by a public institution of higher education, the school board may lease or convey the property to the public institution, and the proceeds derived from a conveyance shall be placed to the credit of the incidental fund of the district.
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(L. 1963 p. 200 § 12-5 and p. 348 § 1, A.L. 1993 S.B. 380)
(Source: L. 1961 p. 357 § 14)
---- end of effective 28 Aug 1993 ----
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