MO SB562

Extends the expiration date for university property transfer authority from August 28, 2014 to August 28, 2017, allowing boards of governors and regents at Missouri Western State University, University of Central Missouri, Missouri State University, Missouri Southern State University, Southeast Missouri State University, Northwest Missouri State University, Harris-Stowe State University, and Lincoln University to convey or transfer real property interests for fair market value without legislative authorization, except in fee simple.

Reestablishes section 37.005 governing the Office of Administration's duties regarding state property management, surplus federal property disposal, electronic data processing coordination, and leasing of excess state property.

Authorizes the Commissioner of Administration to lease state property determined to be in excess of agency needs to private or government entities, with revenues deposited back into appropriated funds, subject to procedures established by rule.

Declares the act an emergency measure effective upon passage and approval to provide timely responses to potential property lessors.