Statutes, codes, and regulations
United States Code
Title 20 - EDUCATIONChapter 55 - EDUCATION OF THE DEAFSubchapter I - GALLAUDET UNIVERSITY; NATIONAL TECHNICAL INSTITUTE FOR THE DEAF; OTHER PROGRAMS
Part A - GALLAUDET UNIVERSITY
Section 4302 - Property rights

20 U.S.C. § 4302

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Current through P.L. 118-78 (published on www.congress.gov on 07/30/2024)
Section 4302 - Property rights
(a) Property rights described

Gallaudet University is vested with all the property and the rights of property, and shall have and be entitled to use all authority, privileges, and possessions and all legal rights which it has, or which it had or exercised under any former name, including the right to sue and be sued and to own, acquire, sell, mortgage, or otherwise dispose of property it may own now or hereafter acquire. Gallaudet University shall also be subject to all liabilities and obligations now outstanding against the corporation under any former name.

(b) Disposal of real property
(1) With the approval of the Secretary, the Board of Trustees of Gallaudet University may convey fee simple title by deed, convey by quitclaim deed, mortgage, or otherwise dispose of any or all real property title to which is vested in Gallaudet University, Gallaudet College, the Columbia Institution for the Deaf, or any predecessor corporation.
(2) The proceeds of any such disposition shall be considered a part of the capital structure of the corporation, and may be used solely for the acquisition of real estate for the use of the corporation, for the construction, equipment, or improvement of buildings for such use, or for investment purposes, but, if invested, only the income from the investment may be used for current expenses of the corporation.

20 U.S.C. § 4302

Pub. L. 99-371, title I, §102, Aug. 4, 1986, 100 Stat. 781; Pub. L. 103-73, §203, 107 Stat. 733.

EDITORIAL NOTES

PRIOR PROVISIONSProvisions similar to this section were contained in section 691b of this title, prior to repeal by Pub. L. 99-371.

AMENDMENTS1993-Subsec. (b)(1). Pub. L. 103-73, §203(b)(1), substituted "Secretary" for "Secretary of Education".Subsec. (b)(2). Pub. L. 103-73, §203(b)(2), substituted "but, if invested," for "but if invested".

STATUTORY NOTES AND RELATED SUBSIDIARIES

REAL PROPERTY PROVISIONSThe following acts contained provisions relating to acquisition, exchange, and adjustment of boundaries of properties of Gallaudet University and its predecessors, Gallaudet College and Columbia Institution for the Deaf:July 1, 1916, ch. 209, 39 Stat. 310. Aug. 3, 1939, ch. 414, 53 Stat. 1179.Sept. 13, 1960, Pub. L. 86-776, §§1, 2, 74 Stat. 916, 917. Nov. 20, 1981, Pub. L. 97-80, title II, §202(a)(1), 95 Stat. 1082.

Secretary
The term "Secretary" means the Secretary of Education.
University
The term "University" means Gallaudet University.
construction
The term "construction" includes construction and initial equipment of new buildings, and expansion, remodeling, and alteration of existing buildings and equipment therein, including architect's services, but excluding off-site improvements.