(a) The state board of regents is hereby authorized to purchase from the Wichita state university board of trustees the following described real property which is located in the city of Wichita, county of Sedgwick and state of Kansas:

Parcel 1: Lots 18, 20 and 22 on Holyoke avenue, Fairmount Addition.

Terms Used In Kansas Statutes 76-3a24

  • Property: includes personal and real property. See Kansas Statutes 77-201
  • real property: include lands, tenements and hereditaments, and all rights to them and interest in them, equitable as well as legal. See Kansas Statutes 77-201
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
  • university board: means the board of regents of the university of Wichita;

    (b) the term "state board" means the state board of regents;

    (c) the term "campus property" means the real estate, buildings, furnishings, fixtures, and equipment comprising the educational plant of the university of Wichita; and

    (d) the term "endowment property" means the investment real estate, the net earnings of which are devoted to general educational purposes of said university or to the retirement of revenue bonds, or to special university purposes as prescribed or authorized by the donors of such property, and investment personal property, endowment and scholarship funds of the university of Wichita. See Kansas Statutes 76-3a01

Parcel 2: Lots 14 and 16 on Holyoke avenue, Fairmount Addition.

(b) The real property described in subsection (a) may be acquired for construction of parking facilities to be utilized by Wichita state university for a purchase price to be agreed upon by the state board of regents and the Wichita state university board of trustees. The purchase price for such real property shall be paid from the on-campus parking maintenance and construction fund. The provisions of Kan. Stat. Ann. § 75-3043a shall not apply to the purchase of real property authorized by this section. Before paying the consideration for the purchase of such real property, the state board of regents shall secure an approval of the title and the form of the deed from the attorney general.

(c) Wichita state university is hereby authorized to construct parking facilities on the real property described in subsection (a) and to pay for such construction in the manner authorized by Kan. Stat. Ann. § 74-3213, and amendments thereto.