53B-20-101. Property of institutions to vest in state board. The State Board of Regents is the successor to, and vested with, all the powers and authority relating to all properties, real and personal, tangible and intangible, and to the control and management of the property which was held by the governing board of each institution […]
53B-20-102. Vesting of rights, claims, and causes of action in higher education institutions — Right to sue in corporate name. All rights, claims, and causes of action to or for any property vested in an institution of higher education prior to the effective date of this chapter, or the use of or income from the […]
53B-20-103. Powers of state board — Capital facilities projects — Exceptions. (1) As used in this section, “capital facilities projects and buildings” includes any one or more institutional projects and buildings. (2) The board, on behalf of the institutions of higher education, may: (a) acquire, purchase, construct, improve, remodel, add to, and extend capital facilities […]
53B-20-104. Buildings and facilities — Board approval of construction and purchases — Rules. (1) The board shall approve all new construction, repair, or purchase of educational and general buildings and facilities financed from any source at all institutions subject to the jurisdiction of the board. (2) An institution may not submit plans or specifications to […]
53B-20-105. Institutional right to receive and convert grants, gifts, devises, or bequests. (1) Each institution may convert property received by gift, grant, devise, or bequest, and not suitable for its use, into other property or into money. All property received or converted under this subsection shall be held, invested, and managed and the proceeds used […]
53B-20-106. Property exempt from taxes and assessments. The property of the institutions governed by the board is exempt from all taxes and assessments. Enacted by Chapter 167, 1987 General Session
