DISPOSITION OF PROPERTY NOT NEEDED FOR SCHOOL PURPOSES; ADDITIONAL METHOD
- Section 37-7-471 - Authorization of sale, lease, etc., of property not used for school purposes; terms, conditions and consideration of sale
- Section 37-7-473 - Persons to whom property may be disposed; authorized uses
- Section 37-7-475 - Execution of conveyance or lease by president and secretary of board
- Section 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
- Section 37-7-479 - Conditions under which disposed of property may later be sold; disposition of proceeds of sale
- Section 37-7-481 - School boards empowered to exercise authority conferred
- Section 37-7-483 - Declaration of legislative intent; relationship of provisions with other laws
- Section 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
- Section 37-7-487 - Estimation and pledge of revenues by school districts; "revenues" defined; authorization to enter into development agreements