Brief ⁽¹⁾

SB 196, as amended by the Senate Committee on Ways and Means, authorizes Kansas State University to sell two tracts of land, one located in Riley County and the other in Nemaha County. The proceeds of the sales are to be credited to the University's restricted use fund. The proceeds of the Riley County property are to be used for acquiring lands for agricultural research while the proceeds of the Nemaha County property are to be used for student scholarships.

The bill would become effective upon publication in the Kansas Register.

Background

The bill was introduced at the request of Kansas State University to permit the disposal of the two tracts of land.

The Riley County property consists of 40 acres currently used for agricultural research. The property is adjacent to a subdivision and across the street from a middle school. The University proposes to sell the property and invest the proceeds in a rural tract more appropriate for agricultural research.

The Nemaha County tract is 160 acres. The University owns a remainder interest, subject to a life estate in a surviving heir, who has agreed to the sale. The proceeds of the sale would be divided equally between the University and the life tenant, with the University's share to be used for student scholarships as provided in the will.

Representatives of Kansas State University appeared in support of the bill. A representative of the Board of Regents submitted written testimony in support of the bill. No opponents testified against the bill.

At the request of the University, the Senate Ways and Means Committee made technical amendments to the bill to clarify the property description of the Riley County property and to ensure the proceeds of the Nemaha County property are used for the purpose for which the testator intended. The Committee also amended the bill to make it effective upon publication in the Kansas Register.

The fiscal note submitted on the bill by the Division of the Budget indicates that the sale of the properties is anticipated to produce $34,000 for the University in FY 2002.

1. *Supplemental notes are prepared by the Legislative Research Department and do not express legislative intent. The supplemental note and fiscal note for this bill may be accessed on the Internet at http://www.ink.org/public/legislative/fulltext.cgi