266.39F - SALE OF DAIRY BREEDING RESEARCH FARM.
266.39F SALE OF DAIRY BREEDING RESEARCH FARM.
1. Immediately after May 2, 2002, Iowa state university of
science and technology shall develop a plan to sell, at market value,
the one thousand one hundred-acre tract of land within the city
limits of Ankeny, commonly referred to as the Iowa state university
dairy breeding research farm. The plan shall include the sale of
substantial portions of the tract as soon as practical, and the sale
of all of the tract within a commercially reasonable time. Prior to
implementing the plan, the university shall submit the plan to the
state board of regents for review and approval. The sale shall be
handled in a manner that is the most financially beneficial to the
university. Appraisals conducted by the university of the value of
any portion of the tract shall be made available to the public
immediately following the sale of that portion of the tract.
2. a. The proceeds from the sale of the property as provided
in subsection 1 are appropriated and shall be retained by Iowa state
university of science and technology for use in establishing a new
dairy research and dairy teaching facility or for the university's
plant sciences institute.
b. The provisions of section 262.9, subsection 8, shall not
apply to the sale of any portion of land to be sold in accordance
with this section or to the use of the proceeds from the sale of the
land.
3. By December 15 annually, the state board of regents shall
submit a report of the activities and costs of the sale of any
property in accordance with subsection 1, including but not limited
to the use of any proceeds from the sale of the property and the
environmental cleanup costs for any proposed sale in accordance with
this section, to the general assembly in accordance with section
7A.11A, and to the legislative services agency, until such time as
the sale of the property is complete and the proceeds have been
expended by the university, at which time the state board of regents
shall submit a final report on the sale of the property and use of
the proceeds to the general assembly in accordance with section
7A.11A and to the legislative services agency. Section History: Recent Form
2002 Acts, ch 1143, §2, 3; 2003 Acts, ch 35, §45, 49; 2005 Acts,
ch 179, §157
Legislative findings and purpose; 2002 Acts, ch 1143, §1