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Current as of January 01, 2024 | Updated by Findlaw Staff
1. The board of directors of a school district shall not enter into any agreement that prohibits the sale of real property to an educational institution.
2. If the board of directors of a school district offers to sell real property that contains a building or structure, and an educational institution offers to purchase such real property for a purchase price that represents the highest bid the board of directors of the school district received for the real property, then the board of directors of the school district shall sell the real property to the educational institution for such purchase price.
3. For purposes of this section, “educational institution” means all of the following:
a. A school district.
b. A nonpublic school.
c. A charter school established pursuant to chapter 256E.
d. A charter school or innovation zone school established pursuant to chapter 256F.
e. An institution of higher education under the control of the state board of regents.
f. A community college established under chapter 260C.
g. The state training school established under chapter 233A.
h. An accredited private institution as defined in section 256.183.
Cite this article: FindLaw.com - Iowa Code Title VII. Education and Cultural Affairs [Chs. 256-305B] § 297.24. Sale of real property to other educational institutions - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-vii-education-and-cultural-affairs-chs-256-305b/ia-code-sect-297-24/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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