Section 76-397 - State board of regents authorized to sell certain property in Maryland; procedure; use of proceeds(a) The state board of regents is hereby authorized and empowered, for and on behalf of the university of Kansas, to sell and convey all of the rights, title and interest in the following described tract of real estate, with the improvements, easements and appurtenances thereto, which is situated in the Town of Upper Marlboro, Maryland (3rd) Election District, Prince George's County, Maryland, which was received by the university of Kansas as a bequest from the estate of Frederic B. Parkes, II, and which is more particularly described as follows: Beginning for the same at a point in the center line of the pavement of the Robert Crain Highway (Maryland Route 761) as now constructed, said point being approximately 197 feet westerly of where said center line formerly intersected the center line of track of Washington & Chesapeake Beach Railroad, and being also N. 37°00' W. 20 feet from a concrete monument set; and running thence with the center line of said pavement (1) S. 54°45' W. 69.83 feet to a point, the intersection of the center lines of pavement of said Crain Highway and of the County Road from Upper Marlboro to Croom Station, thence along the center line of the Croom Station Road the following three courses: (2) S. 40°40' W. 100.37 feet; (3) S. 46°40' W. 73.00 feet; (4) S. 62°00' W. 93.20 feet to the Easterly boundary of the lands of James Sasscer, being part of the tract formerly owned by J. Selwyn Sasscer, per liber 47, Folio 558, and with said boundary (5) S. 28°56' E. 143.82 feet to a 32" Beech Tree passing in transit a large concrete block post at 12.14 feet of said line, thence with an approximation of a stream bed and with and binding on the Northerly line of Ghiselin Sasscer's portion of the said J. Selwyn Sasscer Farm, as now surveyed, (6) N. 65°14' E. 360.84 feet to a concrete monument set, thence (7) N. 37°00' W. 231.62 feet to the place of beginning, passing in transit a concrete monument set at 211.62 feet of said line, containing 1.43 acres of land, more or less.
(b) Conveyance of such rights, title and interest in such real estate, with the improvements, easements and appurtenances thereto, shall be in accordance with the procedures prescribed therefor by the state board of regents and shall be executed in the name of the state board of regents by its chairperson and executive officer. All proceeds from the sale of such real estate, with the improvements, easements and appurtenances thereto, shall be paid to the university of Kansas to be invested pursuant to K.S.A. 76-156a and amendments thereto in accordance with the bequest of Frederic B. Parkes, II.(c) No conveyance of real estate, with the improvements, easements and appurtenances thereto, authorized by this section shall be made or accepted by the state board of regents until the deeds, titles and conveyances have been reviewed and approved by the attorney general. The sale and conveyance authorized by this section shall not be subject to the provisions of K.S.A. 75-3043a and amendments thereto.L. 1992, ch. 155, § 1; April 30.