2006 Alabama Code - Section 16-54-17 — Disposition of proceeds and income from sale or lease of nonfederally granted lands.

The proceeds of all nonfederally granted lands sold or leased by the University of Montevallo, or income therefrom, shall be paid into the University of Montevallo Endowment Fund. The university, out of the money appropriated by the state Legislature for its maintenance, shall pay all the expenses of caring for, protecting and selling the lands.

(School Code 1927, §517; Code 1940, T. 52, §472; Acts 1979, No. 79-225, p. 342, § 1; Acts 1980, No. 80-570, p. 882, § 1.)

Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

2006 Alabama Code - Section 16-54-17 — Disposition of proceeds and income from sale or lease of nonfederally granted lands.

(School Code 1927, &sect;517; Code 1940, T. 52, &sect;472; Acts 1979, No. 79-225, p. 342, § 1; Acts 1980, No. 80-570, p. 882, § 1.)

(School Code 1927, §517; Code 1940, T. 52, §472; Acts 1979, No. 79-225, p. 342, § 1; Acts 1980, No. 80-570, p. 882, § 1.)