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KS HB2561
Bill
Status
Introduced
1/27/2026
Primary Sponsor
Angel Roeser
Click for details
AI Summary
- Authorizes the Kansas Board of Regents to sell real property valued at $5,000,000 or less without obtaining additional legislative approval for each transaction
- Requires three disinterested appraisers to determine the market value of any property before sale
- Mandates the Board of Regents submit an annual report to the legislature listing all property sales made under this authority during the previous fiscal year
- Sale proceeds must be deposited with the state treasurer and credited to the appropriate special revenue fund of the Board of Regents or the specific state educational institution
- Exempts these sales from provisions in K.S.A. 75-6609 and 75-6611, while excluding properties already covered under K.S.A. 74-3254 and 76-7,152
Legislative Description
Authorizing the state board of regents to sell and convey real property valued at $5,000,000 or less without further legislative authorization and requiring the submission of an annual report listing any such real property sales to the legislature.
Last Action
House Referred to Committee on Higher Education Budget
1/27/2026
Committee Referrals
Higher Education Budget1/27/2026
Full Bill Text
No bill text available