Disposition of Property Not Needed for School Purposes; Additional Method

Disposition of Property Not Needed for School Purposes; Additional Method

§ 37-7-471. Authorization of sale, lease, etc., of property not used for school purposes; terms, conditions and consideration of sale
§ 37-7-473. Persons to whom property may be disposed; authorized uses
§ 37-7-475. Execution of conveyance or lease by president and secretary of board
§ 37-7-477. Reverter provisions in instrument disposing of property where board retains no interest; section not applicable to acquisition by United States of school or other real property possessed by state
§ 37-7-479. Conditions under which disposed of property may later be sold; disposition of proceeds of sale
§ 37-7-481. School boards empowered to exercise authority conferred
§ 37-7-483. Declaration of legislative intent; relationship of provisions with other laws
§ 37-7-485. School Property Development Act; optional method of disposal of surplus school property to generate greater revenue than public sale; school boards authorized to sell, convey or exchange nonoperational property interest in proposed development projects; school boards authorized to contract with other entities for development, design, construction, financing, ownership and operation of surplus school property; school boards authorized to pledge revenues received under Sections 37-7-471 through 37-7-483 for repayment of notes and other obligations; sound business practices to be used; public record of final and signed contract; restrictions on persons related by consanguinity or affinity to members of school board or superintendent from having interests in project; conditions on exercise of option to enter into development agreement; certification regarding statements of economic interest; property developed to be deemed for school or educational purposes
§ 37-7-487. Estimation and pledge of revenues by school districts; “revenues” defined; authorization to enter into development agreements

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