42.115. Grants, gifts, bequests, authority to receive--sale of property real and personal, procedure. - Missouri Statutes

Grants, gifts, bequests, authority to receive--sale of property realand personal, procedure.

42.115. The commission may receive any grant or devise ofland, or any gift or bequest of money or other personal propertymade to a Missouri veterans' home, as an endowment of theMissouri veterans' homes, thereby vesting title to any suchproperty in the governor of the state of Missouri for the soleuse and benefit of the homes. The governor, upon authorizationby the general assembly, may sell, convey, or otherwise convertinto money any such real property for the use and benefit of theMissouri veterans' homes. Any property other than real propertywhich the executive director deems unusable by or in excess ofthe current needs of Missouri veterans' homes may be disposed ofto the highest bidder through the Missouri state agency forsurplus property. All income derived from the disposition ofproperty, real or personal, under this section shall be depositedin the state treasury to the credit of the Missouri veterans'homes fund.

(L. 1977 H.B. 478 § 5, A.L. 1985 H.B. 140, A.L. 1989 H.B. 850)