If the board of a research park authority so determines, the authority may sell all or any part of its properties and assets and distribute the proceeds among the sponsoring counties, municipalities, accredited institutions of higher education, and state agencies in the proportion each sponsor contributed to the authority's funds or otherwise in the manner set forth in the agreement or resolution establishing the authority if no sale of properties or assets and no distribution of proceeds of a sale are done in a manner that violates United States law or the terms of any deed, grant agreement, or other agreement with the United States.
Section: Previous 14-144-305 14-144-306 14-144-307 14-144-308 14-144-309 14-144-310 14-144-311 14-144-312 14-144-313 14-144-314 14-144-315 14-144-316 14-144-317 14-144-318 NextLast modified: November 15, 2016