AL SB189

Amends Section 16-54-17 of the Code of Alabama 1975 regarding the University of Montevallo's real property holdings.

Authorizes the University of Montevallo to budget and expend proceeds from the sale or lease of nonfederally granted lands for the benefit of the university.

Requires proceeds from nonfederally granted lands to be paid to the University of Montevallo and budgeted and expended by the board of trustees, unless otherwise restricted.

Maintains that the university shall pay all expenses of caring for, protecting, and selling the lands from state Legislature appropriations for maintenance.

Takes effect 90 days following passage and approval by the Governor, or otherwise becoming law.